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So if we adjust the reply from @shafemtol to calculate how many addresses would have to be generated for a collision:
N = 2^{160} K \approx \sqrt{−2N*ln(0.999)} \approx 2^{75.5}
We get 2^{75.5} private keys that would have to be generated for there to be a 0.1% chance of a Segwit address collision.
\frac{2^{75.51747}}{8*10^9} = 6.759797398 * 10^{12} = 2^{42.62012}
So each person would have to generate approximately 2^{42.6} or 6.7 trillion keys for there to be a 0.1% chance of a Segwit address collision.
So time to switch to taproot? hmm
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