Build a Bitcoin wallet API Using Nodejs

Build a Bitcoin wallet API Using Nodejs

Written By Anthony Ugwu

A bitcoin wallet is a digital software application that allows users to securely store, send, and receive Bitcoin. It does not actually store Bitcoin, but instead, it stores the private keys necessary to access and manage the user's Bitcoin balance.

A wallet can be custodial(Does not give users access to their private keys) or Non-Custodial(Gives users full control of their bitcoins by providing the private keys and Mnemonic words for HD wallets). In this project, we will be building a non-custodial wallet.

Technologies Used

Anthony continues to show you how to build a bitcoin wallet API in this link. Click to continue reading.

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Quantum Computing and Bitcoin: Understanding the Risks, the Trade-offs, and the Path Forward

Quantum Computing and Bitcoin: Understanding the Risks, the Trade-offs, and the Path Forward

CriterionBitcoin's RequirementSignature size64 bytes (Schnorr, BIP-340)Verification speedFast enough for full node throughputSigning speedFast enough for payment channel state updatesSecurity assumptionWell-studied, conservative, quantum-resistantCryptanalytic maturityDecades of failed public attacksConstant-time implementationReliably achievable in practice CriterionML-DSA (FIPS 204)SLH-DSA (FIPS 205)Original AlgorithmCRYSTALS-DilithiumSPHINCS+Hardness AssumptionModule Lattice (MLWE/MSIS)Hash

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