What does it take to break Bitcoin’s encryption? | The Backend Engineering Show
I stumbled upon a research calculating how big of quantum computer required to break bitcoin public key encryption. It will take them 300 million quantum bits to find the corresponding private key given a public key. That wasn’t really the most instructive thing really from that research. The interesting thing is how bitcoin design carefully hides information about the original owner which makes breaking it really challenging.
In this episode I discuss what does it take to break bitcoin encryption.
0:00 Intro
3:00 Public Key Cryptography
6:30 Bitcoin Keys ( Private key/public key and bitcoin address)
8:18 Why do we need a Bitcoin address
11:13 How minors verify transactions
17:30 When is the bitcoin public key visible?
19:12 The Wallet
20:47 What does it take to break bitcoin?
-find wallet.dat file which contain all the keys, some upload that online
-obtain public key from digital sign during a transaction posting. If someone used that public key , obtained the private key, then used it to generate a new ransaction to a different address before this transaction get posted.
-have a bitcoin address in mine satoshi, find out the public key not possible, then find out the private key from the public key, you can take all the time you need here. Because once you find those puppiest you are off to the races
25:20 Bits of security
28:00 My thoughts
Resources
https://avs.scitation.org/doi/10.1116/5.0073075
https://www.deltecbank.com/2021/10/05/bitcoin-transaction-validation-what-exactly-goes-on-under-the-hood/?locale=en
Become a Member on YouTube
https://www.youtube.com/channel/UC_ML5xP23TOWKUcc-oAE_Eg/join
🔥 Members Only Content
https://www.youtube.com/playlist?list=UUMO_ML5xP23TOWKUcc-oAE_Eg
Fundamentals of Database Engineering udemy course (link redirects to udemy with coupon)
https://database.husseinnasser.com
Introduction to NGINX (link redirects to udemy with coupon)
https://nginx.husseinnasser.com
Python on the Backend (link redirects to udemy with coupon)
https://nginx.husseinnasser.com
🏭 Backend Engineering Videos in Order
https://backend.husseinnasser.com
💾 Database Engineering Videos
https://www.youtube.com/playlist?list=PLQnljOFTspQXjD0HOzN7P2tgzu7scWpl2
🎙️Listen to the Backend Engineering Podcast
https://husseinnasser.com/podcast
Gears and tools used on the Channel (affiliates)
🖼️ Slides and Thumbnail Design
Canva
https://partner.canva.com/c/2766475/647168/10068
🎙️ Mic Gear
Shure SM7B Cardioid Dynamic Microphone
https://amzn.to/3o1NiBi
Cloudlifter
https://amzn.to/2RAeyLo
XLR cables
https://amzn.to/3tvMJRu
Focusrite Audio Interface
https://amzn.to/3f2vjGY
📷 Camera Gear
Canon M50 Mark II
https://amzn.to/3o2ed0c
Micro HDMI to HDMI
https://amzn.to/3uwCxK3
Video capture card
https://amzn.to/3f34pyD
AC Wall for constant power
https://amzn.to/3eueoxP
Stay Awesome,
Hussein
Видео What does it take to break Bitcoin’s encryption? | The Backend Engineering Show канала Hussein Nasser
In this episode I discuss what does it take to break bitcoin encryption.
0:00 Intro
3:00 Public Key Cryptography
6:30 Bitcoin Keys ( Private key/public key and bitcoin address)
8:18 Why do we need a Bitcoin address
11:13 How minors verify transactions
17:30 When is the bitcoin public key visible?
19:12 The Wallet
20:47 What does it take to break bitcoin?
-find wallet.dat file which contain all the keys, some upload that online
-obtain public key from digital sign during a transaction posting. If someone used that public key , obtained the private key, then used it to generate a new ransaction to a different address before this transaction get posted.
-have a bitcoin address in mine satoshi, find out the public key not possible, then find out the private key from the public key, you can take all the time you need here. Because once you find those puppiest you are off to the races
25:20 Bits of security
28:00 My thoughts
Resources
https://avs.scitation.org/doi/10.1116/5.0073075
https://www.deltecbank.com/2021/10/05/bitcoin-transaction-validation-what-exactly-goes-on-under-the-hood/?locale=en
Become a Member on YouTube
https://www.youtube.com/channel/UC_ML5xP23TOWKUcc-oAE_Eg/join
🔥 Members Only Content
https://www.youtube.com/playlist?list=UUMO_ML5xP23TOWKUcc-oAE_Eg
Fundamentals of Database Engineering udemy course (link redirects to udemy with coupon)
https://database.husseinnasser.com
Introduction to NGINX (link redirects to udemy with coupon)
https://nginx.husseinnasser.com
Python on the Backend (link redirects to udemy with coupon)
https://nginx.husseinnasser.com
🏭 Backend Engineering Videos in Order
https://backend.husseinnasser.com
💾 Database Engineering Videos
https://www.youtube.com/playlist?list=PLQnljOFTspQXjD0HOzN7P2tgzu7scWpl2
🎙️Listen to the Backend Engineering Podcast
https://husseinnasser.com/podcast
Gears and tools used on the Channel (affiliates)
🖼️ Slides and Thumbnail Design
Canva
https://partner.canva.com/c/2766475/647168/10068
🎙️ Mic Gear
Shure SM7B Cardioid Dynamic Microphone
https://amzn.to/3o1NiBi
Cloudlifter
https://amzn.to/2RAeyLo
XLR cables
https://amzn.to/3tvMJRu
Focusrite Audio Interface
https://amzn.to/3f2vjGY
📷 Camera Gear
Canon M50 Mark II
https://amzn.to/3o2ed0c
Micro HDMI to HDMI
https://amzn.to/3uwCxK3
Video capture card
https://amzn.to/3f34pyD
AC Wall for constant power
https://amzn.to/3eueoxP
Stay Awesome,
Hussein
Видео What does it take to break Bitcoin’s encryption? | The Backend Engineering Show канала Hussein Nasser
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
![RFC 9000 - QUIC #minuteengineering #quic](https://i.ytimg.com/vi/CiyrlU9UQdI/default.jpg)
![High severity flaw can crash your WebServer when using OpenSSL - Let us discuss](https://i.ytimg.com/vi/aDPQ0_MyRnc/default.jpg)
![The Cloudflare mTLS vulnerability - A Deep Dive Analysis](https://i.ytimg.com/vi/xsLqf1Qomn0/default.jpg)
![Your Backend Might not Be Ready for HTTP/2 - Watch This Before Implementing it](https://i.ytimg.com/vi/CUiBVTcgvBU/default.jpg)
![cURL TLS 1.3 session ticket proxy host mixup Vulnerability](https://i.ytimg.com/vi/RUTjh04pZDs/default.jpg)
![Publish/Subscribe Backend Systems Explained In 60 Seconds #shorts_hussein](https://i.ytimg.com/vi/58RRc2rW7l0/default.jpg)
![YugabyteDB supports read committed isolation](https://i.ytimg.com/vi/4ZiFKWOPvoc/default.jpg)
![New course alert - Unlocking Backend Performance](https://i.ytimg.com/vi/Urf281FtfEI/default.jpg)
![Chrome follows FireFox steps - Rolling back SameSite cookie change](https://i.ytimg.com/vi/D-l57G-Qdxk/default.jpg)
![Envoy Proxy Fixes Two Zero Day vulnerabilities (UDP Proxy, TCP Proxy) - CVE-2020-35470](https://i.ytimg.com/vi/VgI9P-KneYo/default.jpg)
![This Python And NodeJS IP Address Validation Vulnerability is Severe, Lets discuss](https://i.ytimg.com/vi/KvVYXkJ1huI/default.jpg)
![Amazon Aurora Supports Postgres 14](https://i.ytimg.com/vi/yYWxOJR5ZbA/default.jpg)
![Implementing Offline/Online Status of a Chatting Backend System #shorts](https://i.ytimg.com/vi/0PgdnpCz0EQ/default.jpg)
![ByteDance makes Linux kernel reboots faster](https://i.ytimg.com/vi/phQc-eukrKw/default.jpg)
![10 YouTube Backend, Protocols, Networking, Database Channels to Follow in 2021 (I watch them all)](https://i.ytimg.com/vi/eusHw-mUa8Y/default.jpg)
![How to Run a Tech YouTube Channel and Enjoy it Without Burning out](https://i.ytimg.com/vi/zvNsK3T4dWE/default.jpg)
![nulls are weird, Postgres15 makes them slightly better](https://i.ytimg.com/vi/NVwCPNSovdE/default.jpg)
![Postgres System Columns Explained (ctid, xmin,xmax)](https://i.ytimg.com/vi/AveRgUrC7FM/default.jpg)
![Postgres Instances hacked and used to mine crypto - Let us discuss how is that possible](https://i.ytimg.com/vi/72HS_ZjJPTQ/default.jpg)
![Microsoft Awards them $20k for finding one of a kind XSS bug in Edge](https://i.ytimg.com/vi/yBevYAQBXfY/default.jpg)
![Did you get logged out of GitHub? - Backend Race condition Bug discussion](https://i.ytimg.com/vi/SJ9Ec1MqhTM/default.jpg)