Bitcoin script: Alice is on a kayaking trip and is worried that her phone (which contains her private key) might fall overboard. She would like to store her bitcoins in such a way that they can be spent with knowledge of a password. Accordingly, she stores them in the following ScriptPubKey address:OP_SHA1 <0x13818a5684a7ed4dce8433c3f57e13b589b88852> OP_EQUALVERIFYWrite a ScriptSig script that will successfully redeem this transaction. [Hint: it should only be one line long.]Explain why this is not a secure way to protect bitcoins using a password.c. Would implementing this using pay-to-script-hash (P2SH) fix the security issue(s) you identified? Why or why not?

Bitcoin Script is the language that Bitcoin is using to perform everything it can, from sending…

Answered: Bitcoin script: Alice is on a kayaking…

7th Edition

ISBN:9780133594140

Author:James Kurose, Keith Ross

Publisher:James Kurose, Keith Ross

Chapter1: Computer Networks And The Internet

Section: Chapter Questions

Problem R1RQ: What is the difference between a host and an end system? List several different types of end...

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Bitcoin script: Alice is on a kayaking trip and is worried that her phone (which contains her private key) might fall overboard. She would like to store her bitcoins in such a way that they can be spent with knowledge of a password. Accordingly, she stores them in the following ScriptPubKey address:

OP_SHA1 <0x13818a5684a7ed4dce8433c3f57e13b589b88852> OP_EQUALVERIFY
1. Write a ScriptSig script that will successfully redeem this transaction. [Hint: it should only be one line long.]
2. Explain why this is not a secure way to protect bitcoins using a password.