Bitcoin uses a specific encoding format to encode the digest of an elliptic curve public point into a short ASCII string. The purpose of this task is to perform such a conversion.

The encoding steps are:

 take the X and Y coordinates of the given public point, and concatenate them in order to have a 64 byte-longed string ;
 add one byte prefix equal to 4 (it is a convention for this way of encoding a public point) ;
 compute the SHA-256 of this string ;
 compute the RIPEMD-160 of this SHA-256 digest ;
 compute the checksum of the concatenation of the version number digit (a single zero byte) and this RIPEMD-160 digest, as described in bitcoin/address validation ;
 Base-58 encode (see below) the concatenation of the version number (zero in this case), the ripemd digest and the checksum
The base-58 encoding is based on an alphabet of alphanumeric characters (numbers, upper case and lower case, in that order) but without the four characters 0, O, l and I.

Here is an example public point:

X = 0x50863AD64A87AE8A2FE83C1AF1A8403CB53F53E486D8511DAD8A04887E5B2352
Y = 0x2CD470243453A299FA9E77237716103ABC11A1DF38855ED6F2EE187E9C582BA6
The corresponding address should be:
16UwLL9Risc3QfPqBUvKofHmBQ7wMtjvM

Nb. The leading '1' is not significant as 1 is zero in base-58. It is however often added to the bitcoin address for various reasons. There can actually be several of them. You can ignore this and output an address without the leading 1.

Extra credit: add a verification procedure about the public point, making sure it belongs to the secp256k1 elliptic curve

sub dgst(blob8 $b, Str :$dgst) returns blob8 {
  given run «openssl dgst "-$dgst" -binary», :in, :out, :bin {
    .in.write: $b;
    .in.close;
    return .out.slurp;
  }
}
sub sha256($b) { dgst $b, :dgst<sha256> }
sub rmd160($b) { dgst $b, :dgst<rmd160> }
 
sub public_point_to_address( UInt $x, UInt $y ) {
    my @bytes = flat ($y,$x).map: *.polymod( 256 xx * )[^32];
    my $hash = rmd160 sha256 blob8.new: 4, @bytes.reverse;
    my $checksum = sha256(sha256 blob8.new: 0, $hash.list).subbuf: 0, 4;
    [R~] <
        1 2 3 4 5 6 7 8 9
      A B C D E F G H   J K L M N   P Q R S T U V W X Y Z
      a b c d e f g h i j k   m n o p q r s t u v w x y z
    >[ .polymod: 58 xx * ] given
    reduce * * 256 + * , flat 0, ($hash, $checksum)».list 
}
 
say public_point_to_address
  0x50863AD64A87AE8A2FE83C1AF1A8403CB53F53E486D8511DAD8A04887E5B2352,
  0x2CD470243453A299FA9E77237716103ABC11A1DF38855ED6F2EE187E9C582BA6;
 