A private key in the context of Bitcoin is a secret number that allows you to spend the bitcoins. Each Bitcoin address has a private key associated with it, stored in the purse file of the person with the balance. The private key is mathematically related to the Bitcoin address, in such a way that the Bitcoin address is derived from the private key following some fixed rules, while the reverse operation, deducting a private key from the Bitcoin address, is impossible.

Since private keys are the key that allows you to spend bitcoins, it is essential to keep them secure. Private keys can be saved in computer files, but when dealing with simple numbers they can also be printed on paper. An example of a tool that allows you to extract private keys from a wallet file is pywallet.

To create a transaction with a private key, it must be available for the program or service that makes Bitcoin payments by accessing the private keys. Some wallet applications allow you to import private keys without generating transactions, while other applications and services transfer the balance of the imported key to another address. When a private key is cleaned in this way, a transaction is communicated to the network in which all the balance that was associated with the imported private key is sent to another address controlled by the application or service.

How many private keys can be generated in total to check one by one if they have bitcoins?

It is a very naive question, but the answer is that according to allprivatekeys.com There is a whole range of Bitcoin private keys iterated from the beginning to the end. Now how it works: Private key is a simple integer between 1 and

1,157,920,892,373,161,954,235,709,850,086,879,078,528,375,642,790,749,043,826,051,631,415,181,614

approximately 1077 in decimal, the number is unpronounceable but if you want to have fun trying to pronounce it I leave you the scale of huge numbers and their names.

Name Short scale
(US, English Canadian, Australian, and
modern British)
Long scale
(continental Europe,
older British, and French Canadian)
Authorities
AHD4[1] CED[2] COD[3] OED2[4] OEDnew[5] RHD2[6] SOED3[7] W3[8] UM[9]
Million 106 106
Milliard 109
Billion 109 1012
Billiard 1015
Trillion 1012 1018
Quadrillion 1015 1024
Quintillion 1018 1030
Sextillion 1021 1036
Septillion 1024 1042
Octillion 1027 1048
Nonillion 1030 1054
Decillion 1033 1060
Undecillion 1036 1066
Duodecillion 1039 1072
Tredecillion 1042 1078
Quattuordecillion 1045 1084
Quindecillion 1048 1090
Sexdecillion 1051 1096
Septendecillion 1054 10102
Octodecillion 1057 10108
Novemdecillion 1060 10114
Vigintillion 1063 10120
Centillion 10303 10600

Chart: wikipedia.com

A curious fact to understand how big the database of private keys is, The visible universe is estimated to contain 1080 atoms. There can be private keys as atoms that make up the entire visible universe.




 


1 Comment

tory · March 7, 2018 at 12:29 pm

With the help of http://www.thehackhub.co/ i was able to recover my bitcoin from a scam broker , Happy to share my experience and to also enlighten people.

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