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Comment by gigq

SHA256 is used for mining but that would only expose new coins that are being generated. If there was a vulnerability there the community would switch to a new mining algorithm to secure new blocks.

Addresses are protected by hashing a public key to the bitcoin address (https://en.bitcoin.it/wiki/Technical_background_of_version_1...). If you've always sent coins to new addresses like the hierarchical deterministic wallets do then your public key is only exposed after you spend the coins, so you are not susceptible to a cracking attempt on the public key.

parent gigq 10 years ago

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