Information for our bitcoin poster.

Blockchain Transaction Management

Nathan Hernandez
Nicole Loew
Cameron Nordan
Robert Compton

Bitcoin is a payment network built atop blockchain technology. This system allows for the occurrence of peer-to-peer financial transactions which operate with no central authority or bank. Bitcoin was initially proposed by one Satoshi Nakamoto his seminal 2008 white paper titled “Bitcoin: A peer-to-peer electronic cash system.” Our objective is to develop a decentralized wallet for creating, storing, and recovering blockchain transactions using various decentralization technologies and mnemonic devices.

Relevant BIPs: bip-0038, bip-0032,bip-0039.

BIP-0039 is a Bitcoin Improvement Proposal for generating mnemonic "sentences", groups of randomly selected memorable words. These mnemonic sentences can be hashed to generate strong seeds for use as input to PRNGs (Pseudo Random Number Generators). The output of a PRNG can be used to create, store, and recover bitcoin addresses. This collective behavior is known as a deterministic wallet.

Scrypt.
Dictionary.
Increasing scrypt complexity over time.
SJCL.

Transactions
HD Wallet