The Pay to Public key is a very similar process as the pay to address or pay to public key hash.
The only difference is that the presented data is slightly different as the public key is presented as the elliptic curve point and so the hashing and duplication operators aren’t needed.
This form of address is most commonly used in older mining software to generate coinbase transactions – software that hasn’t been updated to include P2PKH.
ScriptPubKey=<Public Key> OP_CHECKSIG
This transaction is a very simple use of the OP_CHECKSIG operator and validates the signature as being generated by the required private key and therefore having permission to unlock the specific transaction.
- Bitcoin Transactions – Multi Signature Transactions?
- Bitcoin Transactions – Pay-to-Script-Hash?
- What is a Bitcoin block?
- What is a Bitcoin Fork?
- How does a hashing algorithm work?
- Bitcoin Transactions – Scriptsig and Scriptpubkey – locking and unlocking a transaction?
- How does the Bitcoin Network actually work?
- Why Using a VPN is Important for Crypto
- Roobee IEO: A New Company Shaking Up the Investment Industry
- Bitcoin Casino Kings - Crypto Casino Review Website
- What Are Smart Contracts?
- Cryptocurrency Tokens vs Coins: What's the Difference?
- What’s the Difference Between Bitcoin (BTC) and Ethereum (ETH)?
- What Is A Blockchain?
- What Is An ICO And How Does It Work
- TREZOR Model T CryptoCompare Review
- What is ChainRift?