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What does a Bitcoin address begin with?
Bitcoin addresses begin with specific prefixes that denote the type of address and the corresponding blockchain network.
Sep 27, 2024 at 05:06 pm
What Does a Bitcoin Address Begin With?
- Identification: A Bitcoin address serves as a unique identifier for a Bitcoin account, similar to a bank account number. It allows individuals to send and receive Bitcoin securely.
- Format: A valid Bitcoin address comprises a string of numbers and letters that typically starts with a particular prefix. This prefix denotes the type of address and the corresponding blockchain network.
Mainnet Addresses:
- Native SegWit (Bech32): Begins with "bc1q," "bc1p," or "bc1r."
- Non-Native SegWit (P2SH-SegWit): Begins with "3."
Testnet Addresses:
- Native SegWit (Bech32): Begins with "tb1q," "tb1p," or "tb1r."
- Non-Native SegWit (P2SH-SegWit): Begins with "m" or "2."
Legacy Addresses (P2PKH):
- Begins with "1."
Multisignature Addresses:
- m of n Support: Begins with "2," followed by a number to indicate the required number of signatures (e.g., "23" for a 3-of-3 multisignature address).
Unique Characteristics:
- Bitcoin addresses are case-sensitive.
- They can contain a combination of uppercase and lowercase letters, as well as numbers.
- They are typically between 26 and 35 characters long.
Security:
- Bitcoin addresses are considered reliable since they are generated cryptographically using public-key cryptography.
- Keeping private keys (which correspond to Bitcoin addresses) secure is crucial for maintaining funds.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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