Public Address definition
Definition
The shareable string where others can send you cryptocurrency
Derived from public keys, addresses like Bitcoins bc1 format enhance privacy; reusing them can link transactions, reducing anonymity on the blockchain. Address Formats: Bitcoin Legacy: 1... (P2PKH), 34 chars. Bitcoin SegWit: bc1q... (Bech32), 42 chars. Ethereum: 0x... , 42 chars. Privacy Tips: Use HD wallets for new addresses per transaction, HD derivation paths like m/44'/0'/0'/0/0.
Derived from public keys, addresses like Bitcoins bc1 format enhance privacy; reusing them can link transactions, reducing anonymity on the blockchain. Address Formats: Bitcoin Legacy: 1... (P2PKH), 34 chars. Bitcoin SegWit: bc1q... (Bech32), 42 chars. Ethereum: 0x... , 42 chars. Privacy Tips: Use HD wallets for new addresses per transaction, HD derivation paths like m/44'/0'/0'/0/0.
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