Post
Topic
Board Bitcoin Technical Support
Re: Every wallet address has just one private key which can be generated again?
by
bob123
on 14/06/2018, 11:21:52 UTC
There are bitcoin wallet addresses which are actually public keys, right?

No. The address is derived from the public key. It is the RIPEMD160 hash of the SHA-256 hash of the public key.



Every public key has one private key. EDIT : this is wrong : There is actually 2^96 private key that corresponds to an address.

This actually is TRUE.
Each public key only corresponds to ONE private key.

296 private keys (2256 / 2160) do result in the same address (Note that address do NOT exist on a technical level) and this is NOT a security threat).



There are bitcoin address generator programs which generates random addresses.

They generate random private-/public- keys and derive the address, yes.



There is very little possibility to generate a public and private key of an already used wallet, correct?

Pretty much impossible (if there are no implementation errors).



When a user wants to create a bitcoin address, the same addres generator generates a pair of public & private keys. If another user wants to create a random bitcoin addres, the same generator algorithm can generate previous public & private keys once more.

Such a 'generator' either uses a seed to derive private keys or generates private keys itself.
A private key basically is just a really really big (random) number.



This means, if there is a software (I know actually this exists) which generates random addresses and checks their balance, there is little possibility to find a wallet with balance in it.

Practically no chance.



This can be another bitcoin stealing algorithm, right?

 Huh
Something like a 'bitcoin stealing algorithm' doesn't exist.



Is there any prevention method agains random address generation?

You can't forbid someone to pick a random number, can you ?