Application of Asymetric Cryptography in P2P Netwotks



Consider general philosophy of asymetric cryptography: private and public keys, digital signature, certification and certificacion authorities, hash functions and hash cracking. Using these concepts, explain theotetical background of BitCoin P2P network. Discover its theoretical and practical limits. Using BitCoin client, test practical use of said P2P network. If successful, in JAVA language write a simple PC client to utilize published API.