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LOOPHOLE IN THE BLOCKCHAIN TO GET ANY PRIVATE KEY, FACTThe short answer is that it doesn't work. Bitcoin uses ECDSA signatures. An ECDSA signature is comprised of two numbers r and s. Retrieving a Bitcoin address from a private key can be done through the Elliptic Curve Digital Signature Algorithm (ECDSA), online tools, or. Bitcoin wallets use an industry standard to derive private keys. First, the wallet uses a secure random number generator to generate a seed.