A Novel Algorithm for Bitcoin Address Generation using Elliptical Curve Cryptography
Abstract— Bitcoin is a digital currency having no central bank and operates on peer to peer network. Bitcoin helps account users for anonymous transactions with very less processing fee. To trade Bitcoins user must have account called as Bitcoin address. This paper illustrate in depth process of generating Bitcoin address with novel Elliptical Curve Digital Signature algorithm. As Kolbitz curves are losing their confidence in user due to advancement of quantum computer, this paper advocate use of NIST recommended P192 elliptical curve over prime field. In depth experimentation has been done on MIRACL crypto library to demonstrate applicability of NIST p192 elliptical curves to generate bitcoin addresses.
Index Terms— Bitcoin, crypto currency, peer to peer network, public key, private key, hash function, elliptical curve digital signature algorithm etc.
Pritam Gajkumar Shah
Jain University Bangalore, INDIA
Namita Pritam Shah, Ramesh K B
R V College of Engineering, Bangalore, INDIA
Cite: Pritam Gajkumar Shah , Namita Pritam Shah, Ramesh K B, "A Novel Algorithm for Bitcoin Address Generation using Elliptical Curve Cryptography," Proceedings of 2018 the 8th International Workshop on Computer Science and Engineering, pp. 561-568, Bangkok, 28-30 June, 2018.