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Inserting comma in enumeration; reverting back to Andreas' original sentence to 'Let`s look at how this works...'

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Minh T. Nguyen 2014-05-25 17:51:50 -07:00
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commit 00a5761bbc
1 changed files with 2 additions and 2 deletions
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@ -161,7 +161,7 @@ Starting with the public key K, we compute the SHA256 hash and then compute the
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where K is the public key and A is the resulting bitcoin address.
Bitcoin addresses are almost always presented to users in an encoding called "Base58Check", which uses 58 characters (a base-58 nunber system) and a checksum to help human readability, avoid ambiguity and protect against errors in address transcription and entry. Base58Check is also used in many other ways in bitcoin, whenever there is a need for a user to read and correctly transcribe a number, such as a bitcoin address, a private key, an encrypted key or a script hash. In the next section we will examine the mechanics of Base58Check encoding and decoding, and the resulting representations.
Bitcoin addresses are almost always presented to users in an encoding called "Base58Check", which uses 58 characters (a base-58 nunber system) and a checksum to help human readability, avoid ambiguity and protect against errors in address transcription and entry. Base58Check is also used in many other ways in bitcoin, whenever there is a need for a user to read and correctly transcribe a number, such as a bitcoin address, a private key, an encrypted key, or a script hash. In the next section we will examine the mechanics of Base58Check encoding and decoding, and the resulting representations.
===== Base58 and Base58Check Encoding
@ -288,7 +288,7 @@ The compressed public key, above, corresponds to the same private key, meaning t
Compressed public keys are gradually becoming the default across bitcoin clients, which is having a significant impact on reducing the size of transactions and therefore the blockchain. However, not all clients support compressed public keys yet. Newer clients that support compressed public keys have to account for transactions and older clients which do not support compressed public keys. This is especially important when a wallet application is importing private keys from another bitcoin wallet application, because the new wallet needs to scan the blockchain to find transactions corresponding to these imported keys. Which bitcoin addresses should the bitcoin wallet scan for? The bitcoin addresses produced by uncompressed public keys or the bitcoin addresses produced by compressed public keys? Both are valid bitcoin addresses and can be signed for by the private key, but they are different addresses!
To resolve this issue, when private keys are exported from a wallet, the Wallet Import Format that is used to represent them is implemented differently in newer bitcoin wallets, to indicate that these private keys have been used to produce _compressed_ public keys and therefore _compressed_ bitcoin addresses. This allows the importing wallet to distinguish between private keys originating from older or newer wallets and search the blockchain for transactions with bitcoin addresses corresponding to the compressed, or the uncompressed public keys. In the next section we will look at how this works in more detail.
To resolve this issue, when private keys are exported from a wallet, the Wallet Import Format that is used to represent them is implemented differently in newer bitcoin wallets, to indicate that these private keys have been used to produce _compressed_ public keys and therefore _compressed_ bitcoin addresses. This allows the importing wallet to distinguish between private keys originating from older or newer wallets and search the blockchain for transactions with bitcoin addresses corresponding to the compressed, or the uncompressed public keys. Let's look at how this works in more detail in the next section.
===== Compressed Private Keys