A Key Note To Key Formats

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The means for cryptography to seamlessly upgrade itself, lies within the data format for messaging the system for its M.E.T.A. The systems should be designed to update themselves dynamically and when in need.

The format has to support a frame of syntax to indicate the inventory of methods supported, and where systems can negotiate a cryptographic contract based on a number of possible cryptographic protocol suites. The syntax also should support a means to let the systems be aware of the data formats used. Data may inherently be classified as secret, sensitive, non-sensitive, etc.

Data schemas communicate the framework syntax encoded for systems to align on porting data payload and system configurations.

Wallet Import Format (WIF)

Wallet import format (WIF, aka wallet export format) is a way of encoding a private ECDSA key so as to make it easier to copy.

#!pip install base58
import base58
import hashlib

def private_key_to_wif(private_key_hex, testnet=False, compressed=True):
    # Step 1: Add prefix (mainnet or testnet) and suffix (compressed)
    prefix = "ef" if testnet else "80"
    suffix = "01" if compressed else ""
    extended_key_hex = prefix + private_key_hex + suffix

    # Step 2: Perform SHA-256 hash on the extended key
    first_sha256…