Hello.
I am new where. I don't know much about the underlying blockchain technology so I request you to please go easy on me. And please excuse my bad English too.
I discovered cryptocurrencies around 6 months ago. But since the time I discovered them, I have had problems with the fact that all cryptocurrency addresses already exist. This has bothered me a lot because I felt if someone with the right resources could go through all addresses trying to find few with balances. I was told on other forums that the chance of this happening is astronomically impossible. I did not believe this but I remained quite. Then I came across The Large Bitcoin Collider project which in a matter of 3 months or so has already found 15 Bitcoin addresses with a balance. Of these, one had a balance of 0.54 BTC. Thats quite an amount for many!
Coming back to what was said to me, that it is astronomically impossible someone could find my private key. I agree, if you are trying to search for my private key then you have a better chance of winning the lottery. But I am not talking about someone trying to find my private key, or yours. I am talking about an effort to randomly go through as many addresses to find ones with balance.
This is not something that can be compared to cracking a bank account password. If I have a bank account with ABC Bank with account number 123456789 and password a9y3zs24u0d6K@5*<ONLhF:r{ljW^Pi(, then I would wish you all the best if you wanted to crack it. But let me repeat, I am not talking about someone targeting a specific address here.
This issue has started to make me feel unhappy with cryptocurrencies. I do not like the fact that all addresses already exist, even the ones which have zero balance and of which the blockchain knows nothing about.
So my question is, would it be possible to have a cryptocurrency where you could control both the public and the private key? Or at least the private key? For example, I would like to use the following pair:
Public Key/Address:
NytHawk@some-email-host.comPrivate Key/Secret: J!*02gD(twzu;P.i}{<W7vTQs4:-h3fj&~`keK>yEXA^/pom8F[b=Y6BR)q+cxZG
An sha256 hash of the two would always produce 558fa7243835071efd9827497c6e458ae93a79c103ec8973ca3498cf1ad30b4f
Thoughts? Would this be possible? It would be astronomically impossible to create something like that!
Regards.