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Topic: Every wallet address has just one private key which can be generated again? - page 2. (Read 435 times)

member
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Merit: 89
Full Stack Engineer
Hello,

There are bitcoin wallet addresses which are actually public keys, right?

Every public key has one private key.

There are bitcoin address generator programs which generates random addresses.
There is very little possibility to generate a public and private key of an already used wallet, correct?

When a user wants to create a bitcoin address, the same addres generator generates a pair of public & private keys. If another user wants to create a random bitcoin addres, the same generator algorithm can generate previous public & private keys once more.

This means, if there is a software (I know actually this exists) which generates random addresses and checks their balance, there is little possibility to find a wallet with balance in it.

This can be another bitcoin stealing algorithm, right?

I don't understand how we can sure that our bitcoins are safe in our wallets in such situation?
The probability is really small but there is a chance.

Am I correct?

Is there any prevention method agains random address generation?

Regards
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