mahajanrahul93
Posts: 1
Joined: Mon Sep 04, 2017 8:03 pm

Information regarding algorithm of Bitcoin transactions

Mon Sep 04, 2017 8:14 pm

Hello everyone,

I need your help to know about bitcoin transactions.

I need to know is there any type of transaction in bitcoin that uses double key to protect the information?

I will explain the question in more detail using one example.

Suppose there are two parties A and B.

Suppose during the transaction, B sends to A a data locking with his public key. A then uses his private key to lock the data again. A then sends back the data to B. This type of locking would ensure that neither A and B can tamper with the data. After the transaction is completed, A gives his public key to B. Now B can access the data as he/she can open with A,s public key and his own private key.

Thanks & Regards,
Mahajanrahul

User avatar
TomZ
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 111
Joined: Thu Oct 29, 2015 5:28 pm
Contact: Website Twitter

Re: Information regarding algorithm of Bitcoin transactions

Tue Sep 05, 2017 11:04 am

What you are looking for is likely this ; https://bitcoinfactswiki.github.io/Multisignature/

Return to “Bitcoin Discussion”

Who is online

Users browsing this forum: No registered users and 6 guests