Ethereum network enables developers to create with solidity language smart contracts using the Ethereum Virtual Machine (EVM) and deploy them to the network.
Private and Public key
Private and public keys on ethereum blockchain, what are they? Private and public keys identify an Ethereum account (EOA). Private key is needed to sign transactions on the blockchain. Creating an ethereum account is creating a key pair: public key + private key. In the following discussion, we will see how a private key is generated and how the public one (and then the public address) is derived from the private key itself.
A private key is generated by random activity (machine generated randomness). Ethereum software uses the underlying OS’s random generator to produce 256 random bits (64 digits hexadecimal string)
In programming terms for getting a private key, we feed a larger string of random bits (from a machine-generated source of randomness) into a 256-bits hashing algorithm such as Keccak-256 or Sha-256. In this way we get a 256 bits hexadecimal string.
Private key generation is an offline process and does not require any interaction with Ethereum network. Never create or share your private key online.
A (random generated) private key is a 256 bits long and it is represented as an hexadecimal 64 digits string (64 digits x 4bits each). We can create for example a random number and then hash it by SHA-256, as we see in this below example
Create a machine generated 32 digits randomness, using Linux command line, and get:
massmux@massmux:~$ cat /dev/urandom | tr -dc ‘a-zA-Z0-9’ | fold -w 32 | head -n 1
then feed the random string just generated to the sha-256 hashing function, in order to get the 256bits results (hex string 64 digits long)
massmux@massmux-golem:~$ echo -n YCIAjPU6k5HTTH5yO8MqnPngA1dSVwxm | sha256sum
The Public key
For calculating the public key, the elliptic curve aritmetic is necessary. An Ethereum public key is a point on the elliptic curve. This means that it is a set of x and y coordinates which satisfy the elliptic curve equation. The public key is composed by 2 numbers joined. They are produced from the private key. You cannot calculate, instead, the private key from public one. Getting in deeper on the elliptic curve is not in the scope of this article.
The derivation procedure for the public key can be summarized as follows:
- create the private key, by generating a random 256 bits hex string by hashing (sha-256 or keccak-256) a source of randomness (as previously seen);
- multiply the private key by the elliptic curve generator point to get the public key; The public key is a point on the elliptic curve and has x and y coordinates;
- concatenate the x and y coordinates of the public key;
Hash the result from previous point with keccak-256 hashing function;
Take the last 20 bytes, add “0x” to the front, and you got an Ethereum address; The 0x It’s a prefix used to indicate the number is in hexadecimal rather in other numeral system;
Public addresses are hexadecimal numbers derived from the last 20bytes of the keccak-256 hash of the public key
All the above is normally managed by your wallet which generates private/public key, address and uses the private key for signing any transactions for then broadcasting them to the network. All the generation relies on the OS capabilities.
Download free eBook "Dreaming ethereum"
Get this new eBook with important informations about blockchain, wallet generation and tips to make your digital funds secure and safe.Get it now for free!