Post
Topic
Board Development & Technical Discussion
Merits 2 from 1 user
Re: Elliptic Curve operations in Bitcoin
by
DannyHamilton
on 22/10/2017, 16:51:09 UTC
⭐ Merited by ETFbitcoin (2)
isnt that multisig address ?,

No.  It's a P2SH address.

P2SH addresses can have multisig as the script that was used to generate the hash, however there is no requirement that the spender use a multisig script when spending it.

and its diffucult to calculate multiple private keys rather than just one for simple address public key which starts with 1 ?

You wouldn't need to calculate multiple private keys.

You would only need to calculate a SINGLE key pair.  Any private/publick key pair at all would work.  You don't even need to find the original key (or keys) that were used when creating the address.

Then, you would build a script that uses the public key that you generated and a nonce value.  After that, all you have to do is brute force the nonce until the hash of the script (public key + nonce) is equal to the hash used for that address.  On average, it should take you approximately 2159 attempts.