Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: One more question regarding collisions
by
satscraper
on 29/01/2024, 16:51:05 UTC
⭐ Merited by moonie (1)
The following is from the Bitcoin wiki:
Quote
Since Bitcoin addresses are basically random numbers, it is possible, although extremely unlikely, for two people to independently generate the same address. This is called a collision. If this happens, then both the original owner of the address and the colliding owner could spend money sent to that address. It would not be possible for the colliding person to spend the original owner's entire wallet (or vice versa).
So the question is: Could it be possible that a collision already happened in the past, we just don't know it? And even the "victims" of a collision do not know?
Or, in other words: Is there any way to find out if a collision already happened in the past?

There is project called Large Bitcoin Collider which uses the  hashing power of involved folks for finding collision. Currently LBC is capable to generate on average up to 90Mkeys/sec.  Please, have a look on  their trophies so far:


The probability to find collision with LBC is vanishingly small, but...there is always a but.

For instance, retrospectively, the probability of your birth is equal to almost zero, but despite of this,  you are typing on this forum.