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myarbrough@oreilly.com 2014-10-15 08:26:02 -07:00
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@ -25,7 +25,7 @@ In bitcoin, we use public key cryptography to create a key pair that controls ac
There is a mathematical relationship between the public and the private key that allows the private key to be used to generate signatures on messages. This signature can be validated against the public key without revealing the private key.
When spending bitcoins, the current bitcoin owner presents their public key and a signature (different each time, but created from the same private key; see <<signature>>) in a transaction to spend those bitcoins. Through the presentation of the public key and signature everyone in the bitcoin network can verify and accept the transaction as valid, confirming that the person transferring the bitcoins owned them at the time of the transfer.
When spending bitcoins, the current bitcoin owner presents their public key and a signature (different each time, but created from the same private key; see [XREF-signature]) in a transaction to spend those bitcoins. Through the presentation of the public key and signature everyone in the bitcoin network can verify and accept the transaction as valid, confirming that the person transferring the bitcoins owned them at the time of the transfer.
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