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Results tagged with encryption
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user 18303
Encryption is the process of encoding information into a ciphertext that only authorized parties can decode. Encryption isn't used in the Bitcoin protocol itself, however it can be used e.g. for encrypting wallet backups or peer-to-peer communications.
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Multibit security with regards to "backup" folders
As Jim says, MultiBit goes back and encrypts these old backups when you first set a password, but note that it's a different method of encryption from the regular wallet, hence the .cipher extension. … data is:
// 7 magic bytes 'mendoza' in ASCII.
// 1 byte version number of format - initially set to 0
// 8 bytes salt
// 16 bytes iv
// rest of file is the encrypted byte data
Then there's yet a third encryption …
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