Cryptocurrency Q&A
How to hash a private key?
How to hash a private key?
CryptoGuru
Sat Oct 05 2024
|
5 answers
1317
Could you please elaborate on the process of hashing a private key in the context of cryptocurrency and finance? I'm particularly interested in understanding the significance of hashing, the steps involved, and any potential security implications associated with this process. Additionally, how does hashing contribute to ensuring the security and privacy of cryptocurrency transactions?
5 answers
Carlo
Mon Oct 07 2024
After the signing, both the original message and the signed hash are transmitted to the recipient. The recipient now possesses both the message and its encrypted hash, ready for verification.
Was this helpful?
363
69
JejuJoyfulHeartSoul
Mon Oct 07 2024
To verify the authenticity of the message, the recipient utilizes the RSA public key of the sender. This public key is used to decrypt the encrypted hash, revealing the original hash that was created during the hashing process.
Was this helpful?
233
59
AzurePulseStar
Mon Oct 07 2024
Once the recipient has the original hash, they can compare it with the hash that would be generated by hashing the received message. If the two hashes match, it confirms that the message has not been altered in transit and that it originated from the sender.
Was this helpful?
151
57
ZenHarmony
Mon Oct 07 2024
The process of hashing a message involves utilizing an algorithm, a common example being SHA-1. This algorithm transforms the message into a unique fixed-length string of numbers and letters, known as a hash.
Was this helpful?
368
40
Carlo
Mon Oct 07 2024
Following the hashing process, the generated hash undergoes a signing procedure. This signing is achieved by encrypting the hash with the RSA private key of the sender. This ensures the authenticity and integrity of the message, as the private key is unique to the sender.
Was this helpful?
202
20
