The wallet string is the public key, while the private key is used to unlock the account and should be kept in secret. What algorithm is used to generate this pair?
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I have found out after some research about elliptic curve and its implementation in ethereum/bitcoin - secp256k1 https://en.bitcoin.it/wiki/Secp256k1
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As far as I can tell, Vitalik Buterin has also suggested that ECDSA with
ed25519can be used, and possibly that a future migration toLamport signatureswhen Quantum Computers become viable. Source: bit.ly/2fWJYJ3– KebmanAug 21, 2017 at 3:06