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How to create an Ethereum address from a Bitcoin private key

Date:2024-07-19 19:21:35 Channel:Exchange Read:

In today's trend of digital currency, Bitcoin and Ethereum are undoubtedly the two most watched stars. However, some people may be curious about how to create an Ethereum address with a Bitcoin private key? This not only involves technical challenges, but also a wonderful interweaving of the digital financial world. Let us unveil this mysterious veil and explore the mystery.

The relationship between Bitcoin private key and Ethereum address is like the relationship between lock and key, inseparable. Bitcoin private key is a string of 64 hexadecimal characters. It is the core of Bitcoin transactions and carries the user's digital asset ownership. The Ethereum address is the location for receiving and sending Ether in the Ethereum network, and is an indispensable existence in the world of digital currency. So, how to use Bitcoin private key to create an Ethereum address? Next, we will find out.

First, we need to understand the mathematical relationship between Bitcoin private key and Ethereum address. In fact, there is a mathematical conversion relationship between Bitcoin private key and Ethereum address, which is achieved through elliptic curve cryptography. Elliptic curve cryptography is a very efficient and secure encryption algorithm that is widely used in the field of digital currency. Through this algorithm, we can convert Bitcoin private keys into Ethereum addresses, thereby realizing the transfer and management of assets in two different blockchain networks.

Secondly, we need to use some tools and technologies to realize the conversion of Bitcoin private keys to Ethereum addresses. At present, there are some special software and websites on the market that can help users realize this conversion process. Users only need to enter their Bitcoin private keys into these tools, and then the tools will automatically help users generate the corresponding Ethereum addresses. Of course, in the process of using these tools, users need to pay special attention to security to avoid the risk of asset loss caused by private key leakage.

In addition to using tools, some professional digital currency exchanges also provide Bitcoin private key to Ethereum address conversion services. Users only need to perform corresponding operations on the exchange platform to realize the conversion of Bitcoin private keys to Ethereum addresses. This method is not only convenient and fast, but also relatively safe and reliable, and has been favored by the majority of digital currency investors.

It is worth mentioning that the conversion of Bitcoin private keys to Ethereum addresses is not static. With the continuous development of blockchain technology, more and more convenient conversion methods may appear in the future. Therefore, for digital currency enthusiasts, timely understanding and mastering these new technologies will help to better manage and use their digital assets.

In the world of digital currency, Bitcoin and Ethereum are two shining pearls, each with its own unique characteristics and charm. Being able to create an Ethereum address with a Bitcoin private key is not only a cross-border exploration in technology, but also a wonderful adventure in the world of digital finance. I hope that through the introduction of this article, readers can have a deeper understanding of this process, and can also navigate the world of digital currency with ease, control their own wealth ship, and ride the wind and waves.

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How to create an Ethereum address with a Bitcoin private key. In a blockchain wallet, a private key can generate a public key, but it is impossible to deduce a private key from a public key. Information encrypted with a public key can be decrypted with a private key, and information signed with a private key is verified by a public key. Only after verification can it be proved that the information is indeed published by the private key holder. Taking BTC as an example, the most important role in this process is the "elliptic curve encryption algorithm". Some people think that BTC and ETH are different chains, so the elliptic curves used are not the same, but in fact both chains use the same secp256k1 curve, so the way to obtain the public key is exactly the same. The difference is in the process of generating an address from a public key. Next, we will first introduce how to generate a private key securely, and then explain how ETH verifies the public key generated by the private key from the address. Specifications of private keys

The private key must be a positive integer and must be less than the order of the secp256k1 curve (the order of secp256k1 is FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFEBAAEDCE6AF48A03BBFD25E8CD0364141). Each point can be represented by a set of 256 bits, and 256 bits is exactly 32 bytes, so we need to provide 32 bytes of data for this curve algorithm.

In other words, the private keys of BTC and ETH are a set of 32-byte strings, but it can also be a binary string, Base64 string, WIF key, mnemonic phrase, or hexadecimal string.

Secure private key generation

Since we all know that they use the same curve, we can actually use bitaddress.org, which is more trusted by the BTC community, to generate our private keys (MEW or Metamask are also good choices, at least it is not a string of exposed private keys), but if we have a good sense of security, we should not even use the browser to generate our important private keys (you can see the discussion on Reddit), so we will use Python to design a simpler bitaddress.

Understand the principle of Bitaddress

Bitaddress does three things. First, initialize the byte array, then try to get as much entropy as possible from the user's computer, fill the array according to the user's input, and finally generate a private key.

Bitaddress uses a 256-byte array to store entropy. This array is overwritten in a loop, so when the array is filled for the first time, the index becomes zero, and then the overwriting process starts again.

The program generates a 256-byte array from window.crypto. Then write a timestamp to get 4 bytes of entropy. After that, it gets some other data including screen size, time zone, browser extensions, region, etc. to get another 6 bytes.

After initialization, the user continues typing to overwrite the initial bytes. When the cursor is moved, the program writes the cursor position. When a button is pressed, the program writes the character code of the button pressed.

Finally, bitaddress uses the accumulated entropy to generate a private key. bitaddress uses an RNG algorithm called ARC4. ARC4 is initialized with the current time and the collected entropy, and then bytes are taken one by one, a total of 32 times.

Initialize our own seed pool

We write some bytes from the cryptographic RNG and a timestamp. __seed_int
and __seed_byte are two functions that insert entropy into the pool's array, and we use secrets to generate our random numbers.

Fill the seed pool with input

Here we first write a timestamp and then the string entered by the user.

Generate a private key

First, use our pool to generate a 32-bit number and make sure our private key is in the range (1, CURVE_ORDER), then for convenience, we convert it to hexadecimal and remove the 0x part.

Generate an ETH public key

Substituting our private key into the elliptic curve, we will get a 64-byte integer, which is two 32-byte integers representing the X and Y points connected together on the elliptic curve.

Checksum (ERC-55)

Bitcoin creates a checksum by hashing the public key and getting the first 4 bytes of the return value. If you don't add the checksum, you can't get a valid address.

But Ethereum didn't have a checksum mechanism to verify the integrity of the public key at the beginning. It wasn't until Vitalik Buterin introduced the checksum mechanism in 2016, which is
EIP-55, and it was later adopted by various wallets and exchanges.

Add the checksum to the Ethereum wallet address to make it case-sensitive

First, get the Keccak-256 hash of the address. It should be noted that there should be no 0x part when passing this address to the hash function.

Second, iterate the bytes of the initial address in order. If the i-th byte of the hash value is greater than or equal to 8, convert the characters of the i-th address to uppercase, otherwise keep it in lowercase.

Finally, add 0x back to the beginning of the returned string. If case is ignored, the checksum address will be the same as the initial address. But using an uppercase address allows anyone to verify whether the address is valid.

This checksum has several benefits:

1\. It is backward compatible with many hexadecimal parsers that accept mixed case, and can be easily introduced in the future;

2\. Keep the length to 40 characters;

3\. On average, each address will have 15 check digits. If the input is wrong, the net probability of a randomly generated address accidentally passing the check will be 0.0247%, which is not as good as a 4-byte checksum code, but it is about 50 times better than ICAP;

Summary

Creating a wallet address for Ethereum is much simpler than Bitcoin. All we need to do is throw the private key through the elliptic curve, throw the resulting public key through Keccak-256, and then extract the last 20 bytes of the hash.

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