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Topic: Hash of public key as address (Read 180 times)

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Activity: 87
Merit: 10
September 18, 2017, 07:40:47 PM
#1
Is it correctly understood, that the transaction creator (A sends money to B) A, addresses the transaction to the hash of B's public key? In order for B to redeem this transaction later, he has to proof that his public key hashes to the same hash, as A addressed the value to.
And by this and the "sig", B redeems the right to the value, previously addressed to him/her.
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