Which of the following is NOT true about Bitcoin mining?

Study for the Information Technology Applications 203C (ITA203C) FE Test. Utilize flashcards and multiple-choice questions, each with hints and explanations. Prepare effectively for your exam!

The assertion that miners will use the public key to compute the private key of the sender is not true. In cryptographic systems, particularly those used in Bitcoin, a public key and a private key are part of a key pair where the private key is kept secret by the owner, and the public key is shared with others. The security of this system relies on the fact that while the public key can be used to encrypt messages or validate signatures, it is computationally infeasible to derive the private key from the public key.

Mining involves validating transactions and adding them to the blockchain, but miners do not have the capability to reverse-engineer a private key from its corresponding public key. Therefore, stating that miners would use the public key to compute the sender's private key contradicts the fundamental principles of public-key cryptography, making this statement incorrect.

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