Exploration and Discussion for Bitcoin Encryption Algorithms

Keyu Yan

2024

Abstract

Bitcoin has played a more and more crucial role today with the popularity of the Internet and it has unparalleled advantages compared with physical currency since its quality of high safety and privacy-protection. The development of bitcoin encryption algorithms is engrossing, so this article reviews some main encryption algorithms. One of the most important functions used in bitcoin encryption is hash function, the Secure Hash Algorithm-256 (SHA-256) and RACE Integrity Primitives Evaluation Message Digest (RIPEMD-160) are based on it and the complex process makes sure reliability. Another cryptographic algorithm the paper will illustrate is Elliptic Curve Digital Signature Algorithm (ECDSA) which is a typical asymmetric cryptography. The process primarily comprises three sections, which will be elaborated upon in this paper. These algorithms are broadly implemented in numerous areas of daily life, yet they are not without their drawbacks. To address these issues, scientists have undertaken extensive optimization efforts, resulting in the creation of safer and more advanced technologies to satisfy a greater range of needs. Thus, this article provides a detailed review of Bitcoin encryption algorithms.

Paper Citation

in Harvard Style

Yan K. (2024). Exploration and Discussion for Bitcoin Encryption Algorithms. In Proceedings of the 1st International Conference on Data Science and Engineering - Volume 1: ICDSE; ISBN 978-989-758-690-3, SciTePress, pages 52-57. DOI: 10.5220/0012819100004547

in Bibtex Style

@conference{icdse24,
author={Keyu Yan},
title={Exploration and Discussion for Bitcoin Encryption Algorithms},
booktitle={Proceedings of the 1st International Conference on Data Science and Engineering - Volume 1: ICDSE},
year={2024},
pages={52-57},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012819100004547},
isbn={978-989-758-690-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on Data Science and Engineering - Volume 1: ICDSE
TI - Exploration and Discussion for Bitcoin Encryption Algorithms
SN - 978-989-758-690-3
AU - Yan K.
PY - 2024
SP - 52
EP - 57
DO - 10.5220/0012819100004547
PB - SciTePress