What is Address?

Question

What is Address?

Accepted Answer

A **blockchain address** is a unique, publicly visible string of alphanumeric characters that functions as a digital destination for receiving cryptocurrency, tokens, or non-fungible assets on a specific distributed ledger network, acting as the public-facing identifier for a user's wallet.

Address

What is Address?

What are the different types of blockchain addresses, and how do their formats differ across major networks like Bitcoin and Ethereum?

How is a blockchain address generated from a public key, and what is the cryptographic process that ensures its security?

Why is the security of a blockchain address intrinsically linked to the private key, and what are the best practices for protecting this key?

When are different address formats, such as Bitcoin's Legacy, SegWit, and Taproot, used, and what are the specific benefits of each in terms of transaction efficiency and cost?

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