Blockchains and Application in Bitcoins

Encryption & Decryption: ECC (Elliptic Curve Cryptography):

Sending End: Encryption

1) SHA algorithm generates “Digital Signature” ;

2) Generate random “Private Key”.

第3-6步骤:

3) ECC encrypts the text with “Private Key”;

4) From the Private Key generates a “Public Key”;

5) Send out the “original message” and the “Public Key” with the “encrypted message” from 3);

Receiving End: Decryption

6) ECC with Public Key generates Digital Signature 1 (S1);

7) Use SHA algorithm on the original message generates Digital Signature 2 (S2);

8) If S1 = S2, then accept transaction, otherwise reject.

https://mp.weixin.qq.com/s/cLhycZBxkcl5oYNDsElUTg