Is it safe to share bitcoin address and signature generated from electrum wallet

0

Some bitcoin airdrops are asking to prove ownership on bitcoin address by sharing signature.

My question is if one shares bitcoin address and signature is there any risk of a attacker to compute the private key with this knowledge.

Note I am using electrum wallet to generate the signature

ron paul

Posted 2018-03-16T12:56:14.493

Reputation: 3

Answers

3

My question is if one shares bitcoin address and signature is there any risk of a attacker to compute the private key with this knowledge

While signing, the public key becomes exposed. The primary assumption is "It's impossible to find the private key which relates to a known public key", and this assumption isn't likely to be disproved (in other words, cracked) in the next 10 years.

The process of signing a message to claim airdrops is absolutely safe, as you can move your coins to a different address after claiming your airdrops.

The only risk is your privacy: They'll know how much money you have. If that's an issue, you can just mix your coins after you're done.

MCCCS

Posted 2018-03-16T12:56:14.493

Reputation: 5 827

3

No, there is no way to get the private key from a signature.

But someone (person B) could force you to sign a special message so that person B can pretend to person C to own that amount of bitcoins.

ndsvw

Posted 2018-03-16T12:56:14.493

Reputation: 1 947