Ethereum: How to calculate transaction size before sending (Legacy Non-Segwit – P2PKH/P2SH)

Calculating Transaction Size Before Sending on Ethereum

As a Bitcoin site owner who wants to prevent users from exceeding bandwidth limits when sending transactions, you are in a good position to understand how Ethereum works. In this article, we will explore the concept of calculating transaction size before sending via the RPC API.

Why Calculate Transaction Size?

In legacy non-Segwit (LNW) blockchains such as Ethereum Classic (ETC), Bitcoin Cash (BCH), and others, the size of a transaction is determined by its data payload. To prevent users from exceeding bandwidth limits, it is essential to calculate the estimated transaction size before sending.

Legacy Non-Segwit Block Height

Ethereum: How to calculate transaction size before sending (Legacy Non-Segwit - P2PKH/P2SH)

Before calculating transaction size, you need to know the height of the block to which the transaction will be sent. You can get this information using the eth_blockNumber() function on the RPC API or by querying a Bitcoin index file like btindex.dat.

Here is an example of how to calculate the block height:

const blockchain = {

blockHeight: null,

data: {},

};

// Get the latest block

async function getLatestBlock() {

const response = await fetch('

const data = JSON.parse(response.text);

// ...

blockchain.blockHeight = data[0].height;

}

getLatestBlock();

Calculating Transaction Size

Once you have the block height, you can calculate the estimated transaction size by adding the following components:

  • Transaction Type: The txType field determines the type of transaction (e.g., send, receive, etc.).
  • Input Data: If your site uses P2PKH or P2SH transactions, you need to calculate the estimated size of the input data.
  • Output Data: If your site uses a different output format, you may need to adjust this calculation accordingly.

Here’s an example of how to estimate the transaction size for a send transaction using P2PKH:

const txType = 'send';

const inputDataSize = 0; // for simplicity, assume it is 0 bytes

// Estimate the transaction size (in kB)

const estimateSize = inputDataSize + 10; // add some extra data (e.g. headers, padding)

Sample Code

Here is a simple example of how to estimate the transaction size using Node.js and the ethers.js library:

const ethers = require('ethers');

async function calculateTransactionSize(blockHeight) {

const blockchain = await getBlockchain();

const txType = 'send';

const inputDataSize = 0; // for simplicity, assume it is 0 bytes

// Estimate the transaction size (in kB)

const estimateSize = inputDataSize + 10; // add some extra data (e.g. headers, padding)

return estimateSize;

}

async function getBlockchain() {

const response = await fetch('

const data = JSON.parse(response.text);

return blockchain;

}

Best Practice

When calculating transaction sizes before sending, keep the following in mind:

  • Round up to the nearest kilobyte (kB) for most transactions.
  • Add some extra data (e.g. headers, padding) as a minimum estimate.
  • Consider using a more complex estimation algorithm if you need accurate results.

By following these guidelines and understanding how Ethereum works, you can ensure that your site’s users do not exceed bandwidth limits when sending transactions. Happy coding!

Ethereum Balance Address After

Ethereum: What is the size of different Bitcoin transaction types?

Ethereum: A Deep Dive into Bitcoin Transaction Types

In a world where cryptocurrencies are constantly evolving and expanding their capabilities, it is essential to understand the different types of transactions that occur on the Ethereum network. As we have learned from previous articles, 2015 was a pivotal year for Bitcoin, with significant changes in transaction types that paved the way for modern cryptocurrencies.

What is the size of the different types of Bitcoin transactions?

To answer your question, let’s take a look at some of the most significant transaction types and their corresponding sizes:

  • Small transactions

    : These are typically used to transfer small amounts of coins between users or to complete smaller transactions within the Ethereum network.

  • Size: 0.001 – 1 satoshi (approximately 0.0002 – 0.002 USD)
  • Medium-sized transactions: These transactions are used for larger exchanges and can range from a few cents to a few dollars.
  • Size: 10-100 satoshi (approximately 0.01 USD – 0.1 USD)
  • Large transactions: Used for significant exchanges, such as buying or selling large amounts of coins.
  • Size: 500-5000 satoshi (approximately 50-500 USD)
  • Microtransactions: These small transactions can be used to purchase items from online stores that accept Ethereum or other cryptocurrencies.
  • Size: 0.01-100 satoshi (approximately $0.001-1 USD)

New Transaction Types

While we are still a long way from widespread adoption of microtransactions, some newer transaction types are on the horizon:

  • DeFi Transactions: Decentralized Finance (DeFi) protocols are being developed to facilitate lending, borrowing, and other financial services using Ethereum. These transactions can range in size from a few cents to several thousand dollars.
  • NFT Transactions

    Ethereum: What is the size of different Bitcoin transaction types?

    : Non-functional tokens (NFTs) are unique digital assets that represent ownership of artwork, collectibles, or other items. NFT transactions on the Ethereum network utilize gas-based payment systems and can be small or large, depending on the complexity of the transaction.

Average Bitcoin Transaction Size

To get a better idea of ​​typical Bitcoin transaction sizes, let’s look at some historical data:

  • In 2015, the average Bitcoin transaction was around 0.001 satoshi (approximately $0.0002) [1].
  • According to recent estimates, the average Ethereum transaction size is around 10-20 cents (approximately $0.01-0.02) [2].

In conclusion, while we have made significant progress in understanding the types of Bitcoin transactions over the years, there is still room for innovation and expansion.

References:

[1] “2015: The Year of Bitcoin” by Blockgeeks

[2] “Ethereum Transaction Size” by CoinDesk

The Future of AI in the Cryptocurrency Regulatory Landscape

The Future of AI in Cryptocurrency Regulation

As the global cryptocurrency market continues to grow and mature, it is increasingly important for regulators around the world to stay ahead of the curve. Artificial intelligence (AI) has emerged as a key tool in this effort, with the potential to analyze vast amounts of data, identify patterns, and make predictions.

In recent years, AI has been applied to various areas of cryptocurrency regulation, including market monitoring, risk assessment, and compliance. However, despite its promising capabilities, many questions remain surrounding the implementation of AI in this area. In this article, we will explore the future of AI in the cryptocurrency regulatory landscape and highlight its potential benefits and challenges.

Key Benefits

The Future of AI in the Cryptocurrency Regulatory Landscape

  • Improved Accuracy: AI can quickly and accurately analyze vast amounts of data, reducing the risk of human error and misinterpretation.
  • Improved Efficiency: AI-powered tools can automate many tasks, freeing regulators to focus on more complex issues.
  • Increased Transparency: AI can provide insights into market trends and patterns, helping regulators better understand the cryptocurrency ecosystem.

Challenges and Concerns

  • Lack of Standardization: Different countries have different regulatory frameworks, making it difficult to consistently implement AI-powered tools across jurisdictions.
  • Data Quality Issues: The cryptocurrency market is inherently volatile, with a large amount of unverified data generated daily. This can make it difficult for AI systems to accurately assess risk.
  • Bias and Fairness: AI models can inherit biases from the data they are trained on, leading to unfair or discriminatory outcomes.

Current Trends

  • Regulatory Experiments: Many regulators are experimenting with regulatory sandbox projects, in which businesses are allowed to operate in a controlled environment before being allowed to enter regulated markets.
  • AI-Based Regulatory Tools: Several companies are developing AI-powered tools that can help regulators with tasks such as data analysis and risk assessment.
  • Blockchain-Based Solutions: Blockchain technology is being explored for its ability to provide secure, decentralized, and transparent regulatory frameworks.

Future Outlook

As the cryptocurrency market continues to grow and mature, AI is likely to play an increasingly important role in the regulatory landscape. Companies are already starting to develop specialized tools and solutions to address specific challenges.

In the short term, we can expect wider adoption of AI-powered tools in areas such as:

  • Market Monitoring: AI-powered systems will be used to monitor cryptocurrency markets for patterns and trends.
  • Risk Assessment: AI will be used to assess the risk associated with various cryptocurrency activities.
  • Compliance: AI-powered tools will help regulators identify potential non-compliant activities.

In the long term, we can expect more sophisticated applications of AI in areas such as:

  • Predictive Analytics: AI will be used to predict market trends and forecast future events.
  • Automated Compliance: AI-powered systems will increasingly dominate automated compliance tasks.
  • Regulatory Framework Development: AI will play a key role in developing innovative regulatory frameworks that incorporate emerging technologies.

Conclusion

The integration of AI into the cryptocurrency regulatory landscape is an exciting development with far-reaching implications.

Short Position, Custodial Services, Ledger

“Cryptocurrency Market Dynamics: Cryptocurrency and Ledger-Powered Custody Shorts”

The cryptocurrency world has evolved rapidly over the past decade, with its value fluctuating wildly across various exchanges. A key aspect of this market is the concept of short positions, which involves betting against a particular asset without actually owning it. In this article, we will delve into how cryptocurrencies and their underlying technology, Ledger, can be used in the context of short positions.

What are Short Positions?

A short position in cryptocurrency refers to the sale of a security or asset with the expectation that its value will decrease over time. This is achieved by borrowing the asset from a custodian or exchange and then buying the same asset back at a lower price. The difference between the sale price and the buyback price is the profit made on the short position.

Custodian Services in Cryptocurrency Markets

Custodian services play a crucial role in facilitating these transactions. Custodians are responsible for storing, managing, and securing cryptocurrencies for their clients. Ledger, a well-known brand in the blockchain industry, provides cutting-edge cryptocurrency custody and security solutions.

Ledger’s technology is designed to ensure the secure storage of digital assets, including cryptocurrencies. The company uses advanced encryption methods, such as Homomorphic Encryption (HE) and Zero-Knowledge Proofs (ZKP), to protect user data without compromising confidentiality or integrity. This level of security is essential to safeguarding client assets in a volatile market.

Ledger Custody Services

Ledger provides a variety of custody services tailored to meet the needs of cryptocurrency investors, traders, and institutions. Some of these services include:

  • Ledger Wallet: A secure digital wallet that allows users to store their cryptocurrencies, transfer funds, and manage transactions.
  • Ledger Stacks: A programming language and development environment for building blockchain applications on the Ethereum network.
  • Ledger Node

    : A decentralized node software that allows users to run a full-fledged cryptocurrency node on their own servers.

Using Ledger in Cryptocurrency Trading

When trading cryptocurrencies, having access to secure custodial services is essential. Ledger technology can be used to create an efficient and reliable way to store and manage client assets. For example, a trader can use Ledger Wallet to store their cryptocurrencies and transfer funds between different wallets using Ledger Stacks.

Advantages of Using Ledger in Cryptocurrency Trading

  • Advanced Security: Ledger’s advanced security features ensure that user data is protected from cyber threats.
  • Flexibility: Ledger offers various custody services, allowing users to choose the one that best suits their needs.
  • Convenience: Ledger provides a range of tools and solutions for managing cryptocurrency assets on the go.

Conclusion

In conclusion, cryptocurrency and short positions in custody services with Ledger technology offer a safe and efficient way to interact with these markets. With its advanced security features, flexible custody services, and cutting-edge technology, Ledger is well positioned to meet the growing demands of the cryptocurrency industry. Whether you are an investor, trader, or institutional client, using Ledger solutions can give you peace of mind and help you navigate the complex world of cryptocurrencies with confidence.

References:

  • “Ledger Wallet” (Website)
  • “Ledger Stacks” (Documentation)
  • “Ledger Node” (Documentation)

Note: This article is for informational purposes only and should not be considered as investment advice.

Ethereum Still Unconfirmed Duplicate

How AI influences smart contract governance

How ​​AI is impacting smart contract governance

The world of smart contracts has become increasingly complex and decentralized with the advent of blockchain technology and cryptocurrencies. As a result, the governance of these digital assets has shifted from a centralized to a more distributed model. In this article, we will explore how artificial intelligence (AI) is impacting smart contract governance and what its impact is on smart contract development and implementation.

Traditional Governance Models

How AI is Influencing Smart Contract Governance

In traditional blockchain systems, governance was primarily based on human decision-making processes. However, as blockchain technology grew in complexity and scalability, it became clear that a more efficient and automated approach to governance was needed. This is where AI comes in.

AI has been widely used in various industries, including finance, healthcare, and energy, due to its ability to quickly and accurately analyze large amounts of data. In smart contract management, AI can be used to automate many tasks, such as:

  • Risk Management: Artificial intelligence algorithms can analyze vast amounts of data from market trends, security breaches, and other sources to identify potential risks and alert human decision makers.
  • Optimization: Artificial intelligence can optimize smart contract performance by identifying the most efficient algorithmic paths and adjusting them in real time.
  • Automated Dispute Resolution: AI-powered systems can quickly analyze evidence and make decisions in disputes, reducing the need for manual intervention.

AI-Driven Smart Contract Management

A number of AI-driven smart contract management platforms have emerged, offering different solutions for different use cases. Some of these platforms include:

  • Chainlink Labs Decentralized Finance (DeFi) Management

    : Chainlink Labs has developed a decentralized finance (DeFi) platform that uses AI to analyze market trends and predict price movements.

  • Qumash Smart Contract Registry: Qumash has created an AI-powered smart contract registry that allows users to register, manage, and verify their smart contracts.
  • Moralis Blockchain Governance Platform: Moralis has developed a blockchain governance platform that uses AI to analyze market trends, identify potential risks, and optimize the performance of smart contracts.

Benefits of AI-Driven Smart Contract Management

The use of AI in smart contract management offers several benefits, including:

  • Increased Efficiency: Artificial intelligence algorithms can automate many tasks, allowing decision makers to focus on strategic decisions.
  • Improved Accuracy: AI can analyze vast amounts of data more accurately than humans, reducing the risk of errors and misjudgments.
  • Improved Security: AI-powered systems can identify and respond to potential threats more quickly and effectively.

Challenges and Limitations

While AI is transforming smart contract management, there are also a number of challenges and limitations that need to be addressed.

  • Data Quality: The accuracy of AI-driven decision-making depends on high-quality data, which may not always be available or reliable.
  • Security Risks: AI algorithms can be vulnerable to security risks if not properly designed and implemented.
  • Regulatory Compliance: As smart contract management evolves, regulatory compliance becomes increasingly complex.

Conclusion

The use of AI in smart contract management is changing the way digital assets are managed and regulated. By automating many tasks, identifying potential risks, and optimizing performance, artificial intelligence can help reduce errors, improve accuracy, and enhance security. However, it is important to address the challenges and limitations associated with AI-driven smart contract management, ensuring that these technologies are used responsibly and safely.

Ethereum Transaction Signed

How to Safely Navigate P2P Cryptocurrency Markets

How ​​to Safely Navigate P2P Cryptocurrency Markets

The rise of peer-to-peer (P2P) cryptocurrency markets has brought about a new era of decentralized trading, allowing individuals to buy and sell cryptocurrencies without the need for intermediaries like brokers or exchanges. However, this increased freedom also comes with significant risks that can lead to financial losses if not approached with caution. In this article, we’ll provide you with expert advice on how to safely navigate P2P cryptocurrency markets.

Understanding P2P Cryptocurrency Markets

Before you dive into the world of P2P trading, it’s essential to understand what these markets are all about. P2P markets refer to platforms where individuals can buy and sell cryptocurrencies directly with each other, without the involvement of a central authority or intermediary. This allows for faster and more transparent transactions, but also means that users are exposed to increased risks.

Risks Associated with P2P Cryptocurrency Markets

While P2P markets offer many benefits, such as lower fees and faster transaction times, they also come with significant risks. These include:

  • Volatility: Cryptocurrencies are known for their price volatility, which means that prices can fluctuate rapidly and unpredictably.

  • Lack of Regulation

    How to Safely Navigate P2P Cryptocurrency Markets

    : Unlike traditional financial markets, P2P cryptocurrency markets operate outside the purview of regulatory bodies, making it difficult to protect users from scams or other malicious activities.

  • Security Risks: P2P transactions are typically irreversible, which means that once a transaction is initiated, it cannot be reversed. This makes it essential to use secure payment methods and take extra precautions when conducting trades.

How ​​to Safely Navigate P2P Cryptocurrency Markets

So, how can you safely navigate the world of P2P cryptocurrency markets? Here are some expert tips:

  • Choose a Reputable Platform: Research and choose a reputable P2P platform that has a strong track record of security and reliability. Look for platforms with robust security measures, such as two-factor authentication, cold storage solutions, and transparent transaction processes.

  • Use Secure Payment Methods: When conducting trades on P2P platforms, use secure payment methods such as cryptocurrency wallets or escrow services to protect your funds.

  • Be Cautious of Scams: Be aware of common scams that can target unsuspecting traders, such as phishing schemes or fake trading opportunities. Always do your research and verify the legitimacy of any opportunity before committing to a trade.

  • Stay Informed: Keep up-to-date with market news and developments by following reputable sources and staying informed about regulatory changes and updates from authorities.

  • Diversify Your Portfolio: Spread your investments across different cryptocurrencies to minimize risk and maximize returns.

  • Set a Budget

    : Set a budget for yourself before engaging in any trades, and stick to it to avoid excessive spending or impulsiveness.

  • Consider Using a Brokerage Service: If you’re new to P2P trading, consider using a brokerage service that offers comprehensive support and risk management tools.

Best Practices for Safe P2P Cryptocurrency Market Investing

Here are some best practices to help you navigate the world of P2P cryptocurrency markets safely:

  • Start Small: Begin with small investments and gradually increase your exposure as you become more comfortable with the market.

  • Diversify Your Portfolio: Spread your investments across different cryptocurrencies to minimize risk and maximize returns.

  • Keep Records: Keep detailed records of all trades, including transaction dates, amounts, and notes on what was traded.

4.

How AI is creating new opportunities for NFT artists

How ​​Artificial Intelligence is Revolutionizing the Art World: Unlocking New Possibilities for NFT Artists

The art world has witnessed a significant shift in recent years, with the rise of non-fungible tokens (NFTs) and the emergence of digital art. Traditional artists have long struggled to compete with the ease and accessibility offered by these new technologies. However, AI is increasingly playing a key role in revolutionizing the art industry, providing new opportunities for NFT artists to express themselves and connect with their audiences.

The Rise of Digital Art

Digital art has been around since the 1960s, but its popularity has experienced a resurgence in recent years, fueled by advances in technology. The advent of 3D printing, virtual reality (VR), and artificial intelligence (AI) have allowed artists to create complex and immersive digital artworks that were previously unimaginable.

NFTs, which represent unique digital assets such as art, music, or collectibles, have become the new frontier for digital artists. These NFTs can be traded on online marketplaces, similar to traditional physical artworks, providing artists with a new way to monetize their work.

Artistic Creation

Artistic algorithms are used to generate unique and original artwork, which is then sold or traded as an NFT. This process involves complex machine learning models that can recognize patterns in data, such as images, text, or music. The algorithms can then create new artworks by combining those patterns in innovative ways.

For example, AI-powered art software can take a photo of a user’s face and generate a unique digital portrait. The algorithm analyzes the image, identifying features such as skin tone, facial expression, and eye shape. It then uses that information to create a 3D model of the face, which can be used as an NFT.

Benefits for NFT Artists

Using AI in art creation offers several benefits for NFT artists:

  • Increased Creativity: AI algorithms allow artists to explore new ideas and styles without the limitations of human creativity.
  • Improved Efficiency: AI-powered art software can automate many aspects of the creative process, saving artists time and effort.
  • New Revenue Streams: Selling or trading AI-generated NFTs creates a new market for digital art, providing opportunities for artists to earn income from their work.

Challenges and Opportunities

While AI is revolutionizing the art industry, there are also challenges that NFT artists must address:

  • Copyright and Ownership: As AI-generated content becomes more widespread, questions about copyright and ownership rights arise.
  • Authenticity: To ensure that AI-generated NFTs are authentic and trustworthy, new standards and regulations will be needed.
  • Digital Scarcity: The growing demand for digital art may lead to concerns about digital scarcity and the value of NFTs.

Despite these challenges, the opportunities for NFT artists to innovate and create new business models have never been greater:

  • New Markets

    : AI-powered art software can open up new markets for digital artists, providing a way to monetize their work in ways that were previously unimaginable.

  • Collaborations: The rise of AI-generated NFTs has also enabled new collaborations between humans and machines, creating new creative combinations.
  • Increased Accessibility: AI-powered art tools make it easier for non-artists to create digital art, expanding the reach of NFT artists.

Conclusion

The integration of artificial intelligence into the art world has opened up new opportunities for NFT artists to express themselves and connect with their audiences. As technology continues to evolve, we can expect even more innovative applications of artificial intelligence in the creation of art.

Ethereum: Starting a websocket in a function (Binance Websocket)

Starting and Stopping a WebSocket Connection from a GUI Application Using Binance Websocket

As a developer, you may have encountered situations where you needed to control the flow of an application within a user interface (GUI) application. In this article, we will explore how to build a simple GUI-based system that starts and stops a WebSocket connection using the Binance WebSocket library.

Required Prerequisites

  • Install Node.js on your computer (“node.js.org”).
  • Make sure you have the existing Binance WebSocket library installed (npm install binance-websocket).
  • Create a new GUI application (e.g. using Electron or a framework like React, Angular, etc.).
  • Set up a WebSocket connection using the Binance API.

Code example

Ethereum: Starting a websocket in a function (Binance Websocket)

// Import the required libraries

const { Websocket } = require('binance-websocket');

const { CreateInterface } = require('readline');

// Initiate a WebSocket connection

const websocket = new Websocket({

Host: 'your-binance-exchange.com',

Port: 3000,

});

// Set up the GUI event loop

const gui = create interface({

Input: process.stdin,

Output: process.stdout,

});

// Function to start/stop WebSocket connection

Function handleStart() {

websocket.on('connect', () => {

console.log('WebSocket connection established. Starting...');

// Start a new task when user presses Enter

gui.once('line', line => {

if (string === 'START') {

websocket.send({ command: 'start' });

setTimeout(() => {

console.log('WebSocket connection is stopping...');

websocket.close();

}, 5000);

}

});

// Start a new task when user presses Ctrl+C

process.on('SIGINT', () => {

gui.kill();

});

});

}

// Function to start/stop a WebSocket connection from the command line

Function handleStartCommand() {

const readline = required('readline');

const rl = readline.createInterface({

Input: process.stdin,

Output: process.stdout,

});

rl.question('Start (type "STOP" to stop)', answer => {

if (answer.toLowerCase() === 'start') {

websocket.send({ command: 'start' });

setTimeout(() => {

console.log('Stopping WebSocket connection...');

websocket.close();

execute a stop command();

}, 5000);

} else if (answer.toLowerCase() === 'stop') {

execute a stop command();

} more {

console.error('Invalid input. Exiting...');

: handleStartCommand();

}

});

}

// Function to stop WebSocket connection

Function handleStopCommand() {

websocket.send({ command: 'close' });

}

// Main program loop

while (true) {

StartHandle();

}

How ​​it works

  • The handleStart function sets up a WebSocket event listener for the connection event.
  • When the user presses Enter, a WebSocket connection is established and when the user presses Ctrl+C, a new task is started.
  • Using Readline.js, a simple text interface is created where users can type “START” to start a WebSocket connection or “STOP” to stop it.

Tips and Options

  • To make the GUI more interactive, you can add buttons to start/stop the WebSocket connection.
  • For a native desktop application, you can use an advanced GUI library like Electron or React.
  • If you prefer a command line interface, modify the handleStartCommand function to accept user input via the console.
  • To store data between sessions, consider using a database or file storage.

ETHEREUM PUBLIC FROM ADDRESS

Bitcoin: How can I use testnet4 with Bitcoin Core today?

Using Testnet4 with Bitcoin Core: A Guide

As of June 2024, testnet3 has been severely compromised by a block storm, making it an unreliable and unusable development environment for testing Bitcoin Core. Fortunately, we can now switch to Testnet4, a more stable option that allows you to continue developing and testing your Bitcoin Core code.

Why Testnet4?

Testnet4 is the next step in Bitcoin’s development process after testnet3. It provides a more secure and reliable testing environment for your Bitcoin Core code, allowing you to focus on building new features without worrying about the security risks associated with testnet3.

Configuring Bitcoin Core to Connect to Testnet4

To connect your Bitcoin Core wallet to Testnet4, follow these steps:

  • Update your Bitcoin Core software: Make sure your Bitcoin Core software is up to date by running sudo bitcoin-qt --update.
  • Create a new wallet in Testnet4: Run the following command to create a new testnet4 wallet:

bitcoin-cli createwallet --fromtestnet4 --name your-wallet-name

Replace your-wallet-name with the desired name for your wallet.

  • Download and install the Testnet4 Node software: Download and install the latest version of the Testnet4 node software from the official GitHub repository: <
  • Configure your Bitcoin Core Wallet to use Testnet4: Open your bitcoin.conf file with a text editor (e.g. nano or vim). Add the following lines to the [testnet] section:

[testnet]

url =

Replace with the IP address and port number of your Testnet4 node. You can find this information in the node's dashboard or by runningbitcoin-cli listnodes.

  • Start your Bitcoin Core Wallet

    Bitcoin: How can I use testnet4 with Bitcoin Core today?

    : Runsudo bitcoin-qt –config /path/to/your/btc.confto start your wallet.

  • Verify your connection: Once connected, verify that your wallet is using Testnet4 by checking the console output for any errors.

Tips and Considerations

  • Make sure your testnet4 wallet has sufficient funds before connecting it to Bitcoin Core.
  • Keep yourbitcoin.conf` file up to date with the latest settings in the Testnet4 node software.
  • Keep in mind that Testnet4 is still under development and there may be bugs or security issues that could affect the stability of your wallet.

After following these steps, you should now have a working connection to Testnet4 using Bitcoin Core. Happy testing!

Ethereum: How is the public key extracted from (message, digital signature, address)

Extracting Public Keys from Ethereum Messages: Understanding the Relationship between P2PKH Addresses, Digital Signatures, and Public Keys

Ethereum’s private key (P2PKH) structure is a crucial aspect of its cryptographic mechanism. In this article, we’ll delve into how public keys are extracted from a message, digital signature, and P2PKH address.

The Basics: Ethereum’s Private Key Format

On the Ethereum network, every account has a unique private key (P2PKH), which is a 256-bit (32-byte) compressed version of the user’s wallet’s seed phrase. This seed phrase is used to derive other keys, including the public key and digital signature.

The Relationship between P2PKH Address, Digital Signature, and Public Key

When you sign a message using Ethereum’s digital signature function, the resulting output (digital signature) contains information about your private key. The digital signature is generated by combining the sender’s public key with the sender’s address, along with other cryptographic parameters.

The process involves:

  • Signing: You use your private key to generate a digital signature for the message.

  • Compression and encoding: The digital signature is compressed and encoded using a specific algorithm (e.g., Base64).

  • Recipient public key: Your P2PKH address is used to derive the recipient’s public key.

Extracting the Public Key

Now, let’s examine how you can extract the public key from a message, digital signature, and P2PKH address:

  • Digital Signature

    Ethereum: How is Public Key extracted from (message, digital signature, address)

    : The digital signature generated by your private key contains information about your public key.

  • P2PKH Address

    : Your P2PKH address is used to derive the recipient’s public key.

  • Public Key (optional): If you want to extract your own public key, you can use the following formula:

Public Key = (Digital Signature XOR Message) ^ Public Key Derivation Function

Here’s a high-level example using Ethereum’s eth_getTransactionReceipt function:

const transaction = transactionFactory.createTransaction(

{

from: '0x', // sender address

to: '0x...', // recipient address

data: messageData, // message payload

nonce: txNonce,

gasPrice: transactionGasPrice,

gasLimit: txGasLimit,

}

);

const signature = transaction.getTransactionReceipt().signature;

const publicKey = (signature ^ transaction.getOutput(1).data).toString('hex');

console.log(publicKey);

Important Notes

  • This is a simplified explanation of the process. In reality, Ethereum’s private key format and cryptographic algorithms are more complex.

  • The public key extraction process assumes that you have the necessary permissions to access and retrieve the recipient’s P2PKH address.

  • Keep in mind that extracting your own public key can be sensitive information, as it contains sensitive user data (e.g., wallet balances).

In conclusion, while Ethereum’s private key format involves a unique combination of P2PKH address, digital signature, and message payload, extracting the public key is not straightforward. However, by understanding the relationship between these components, you can gain insights into Ethereum’s cryptographic mechanisms and potentially use this knowledge to develop custom applications or analyze existing data.