I understand the whole method except the first one where the public key and its x and y cord comes from the hashprivate key. The public key is used to ensure you are the owner of an address that can receive funds.
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Every bitcoin address is based on a secret key from which the public key associated to a bitcoin address is calculated.
Get bitcoin address from public key. As seen in our guides to elliptic curve cryp! tography and how to create a bitcoin private key a public key is in fact just coordinates on the bitcoin curve calculated through multiplying the generator point by the private key number. Bitcoin address is just a sha256 hash of the public key any library that has a sha256 function will get you an address from a public key. Every public key is 256 bits long sorry this is mathematical stuff and the final hash your wallet address is 160 bits long.
If you have a simple e shop or a website which asks for donations you may want to consider generating unique addresses for each transaction instead. Adam mar 13 at 1723. Reusing the same bitcoin wallet address is a big privacy issue.
How i can get bitcoin address from a bitcoin private key. A bitcoin wallet address is a hashed version of your public key. Once you have the private key for an address you have the control of that address and can use it to transfer funds.
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