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Ethereum: Does P2PKH replace P2PK under any circumstances? Why?

Published by on February 5th, 2025.


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Ethereum P2SH vs. P2PK: A Comparative Analysis

The Ethereum network, developed by Vitalik Buterin, has been a pioneer in blockchain technology since its inception in 2014. One of the most important features of Ethereum is its use of public-key cryptographic primitives, including a private key (public key) and a public-key hash (P2PKH). In this article, we will examine the relationship between P2SH (Pay-Per-Send) and P2PK in Ethereum, and examine why P2PKH cannot necessarily replace P2PK.

What are P2SH and P2PK?

Both P2SH and P2PK are public-key cryptographic primitives used to secure transactions on the Ethereum network. Here is a brief overview:

Why does P2PKH exist?

You may wonder why Ethereum developed a separate type of key pair even though P2SH exists. There are several reasons for this:

Does P2PKH replace P2PK?

In most cases, no, P2PKH is not a direct replacement for P2PK under any circumstances. While both types have similar functionality, they serve different purposes:

Why is P2PKH useful?

While P2PKH is not a direct replacement for P2PK, it has the potential to offer the following benefits:

Conclusion

While P2PKH exists and serves a purpose, it is not a direct replacement for P2PK under any circumstances. Instead, it represents an alternative approach to securing transactions on the Ethereum network, primarily to improve scalability and security.

As the Ethereum ecosystem continues to evolve, it is likely that developers will discover new cryptographic primitives and innovations to improve the functionality of the network.

REGULATORY DRIVEN CRYPTOCURRENCY PLATFORMS

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