mirror of
https://github.com/bitcoinbook/bitcoinbook
synced 2024-11-02 05:31:50 +00:00
Edited ch04.asciidoc with Atlas code editor
This commit is contained in:
parent
7e85b0eea2
commit
69aa50ca81
@ -663,7 +663,7 @@ We will explore how to create transactions that spend funds from P2SH (and multi
|
||||
|
||||
==== Vanity Addresses
|
||||
|
||||
((("keys and addresses", "advanced forms", "vanity addresses")))Vanity addresses are valid bitcoin addresses that contain human-readable messages. For example, +1LoveBPzzD72PUXLzCkYAtGFYmK5vYNR33+ is a valid address that contains the letters forming the word "Love" as the first four Base-58 letters. Vanity addresses require generating and testing billions of candidate private keys, until one derives a bitcoin address with the desired pattern. Although there are some optimizations in the vanity generation algorithm, the process essentially involves picking a private key at random, deriving the public key, deriving the bitcoin address, and checking to see if it matches the desired vanity pattern, repeating billions of times until a match is found.
|
||||
((("keys and addresses", "advanced forms", "vanity addresses")))((("vanity addresses", id="vanity04")))((("addresses", "vanity addresses", id="Avanity04")))Vanity addresses are valid bitcoin addresses that contain human-readable messages. For example, +1LoveBPzzD72PUXLzCkYAtGFYmK5vYNR33+ is a valid address that contains the letters forming the word "Love" as the first four Base-58 letters. Vanity addresses require generating and testing billions of candidate private keys, until one derives a bitcoin address with the desired pattern. Although there are some optimizations in the vanity generation algorithm, the process essentially involves picking a private key at random, deriving the public key, deriving the bitcoin address, and checking to see if it matches the desired vanity pattern, repeating billions of times until a match is found.
|
||||
|
||||
Once a vanity address matching the desired pattern is found, the private key from which it was derived can be used by the owner to spend bitcoin in exactly the same way as any other address. Vanity addresses are no less or more secure than any other address. They depend on the same Elliptic Curve Cryptography (ECC) and Secure Hash Algorithm (SHA) as any other address. You can no more easily find the private key of an address starting with a vanity pattern than you can any other address.
|
||||
|
||||
@ -771,7 +771,7 @@ In both cases, one of the risks of using a single fixed address (rather than a s
|
||||
| *Vanity (6 character match)* | 1J7mdg5WxGENmwyJP9xuGhG5KRzu99BBCX
|
||||
|=======
|
||||
|
||||
So does a vanity address increase security? If Eugenia generates the vanity address +1Kids33q44erFfpeXrmDSz7zEqG2FesZEN+, users are likely to look at the vanity pattern word _and a few characters beyond_, for example noticing the "1Kids33" part of the address. That would force an attacker to generate a vanity address matching at least six characters (two more), expending an effort that is 3,364 times (58 × 58) higher than the effort Eugenia expended for her four-character vanity. Essentially, the effort Eugenia expends (or pays a vanity pool for) "pushes" the attacker into having to produce a longer pattern vanity. If Eugenia pays a pool to generate an 8-character vanity address, the attacker would be pushed into the realm of 10 characters, which is infeasible on a personal computer and expensive even with a custom vanity-mining rig or vanity pool. What is affordable for Eugenia becomes unaffordable for the attacker, especially if the potential reward of fraud is not high enough to cover the cost of the vanity address generation.
|
||||
So does a vanity address increase security? If Eugenia generates the vanity address +1Kids33q44erFfpeXrmDSz7zEqG2FesZEN+, users are likely to look at the vanity pattern word _and a few characters beyond_, for example noticing the "1Kids33" part of the address. That would force an attacker to generate a vanity address matching at least six characters (two more), expending an effort that is 3,364 times (58 × 58) higher than the effort Eugenia expended for her four-character vanity. Essentially, the effort Eugenia expends (or pays a vanity pool for) "pushes" the attacker into having to produce a longer pattern vanity. If Eugenia pays a pool to generate an 8-character vanity address, the attacker would be pushed into the realm of 10 characters, which is infeasible on a personal computer and expensive even with a custom vanity-mining rig or vanity pool. What is affordable for Eugenia becomes unaffordable for the attacker, especially if the potential reward of fraud is not high enough to cover the cost of the vanity address generation.((("", startref="Avanity04")))((("", startref="vanity04")))
|
||||
|
||||
[[paper_wallets]]
|
||||
==== Paper Wallets
|
||||
|
Loading…
Reference in New Issue
Block a user