The main question I have is:
Can I receive different cryptocurrencies on a same public key?
For example: I instruct the person A to send me BTC on a public key X. I also instruct the person B to send me XRP (or any other crypto) on the same public key X.
- If not - can you briefly explain why not, i.e. what prevents it? I've read on few places that this is impossible (not sure if true), but I don't really understand why (if true). What prevents me from doing it? Aren't the block-chains isolated from one another? Also, as far as I know, most (if not all) cryptocurrencies use the same public-private key logic under the hood.
- If yes - are there any specific cons apart from obvious (one basket for all)?
Note: This question does not imply the use of online wallets that may have their own logic of aggregating multiple keys under the same online wallet.
Actually, I think I made a mistake in the premise of my question. We don't use public key but address for receiving funds (see link #1). I guess I overlooked that part in the analysis. And the addresses have differences in prefixes among currencies (see link #2) #1 - bitcoin.stackexchange.com/questions/80708/… #2 - blockgeeks.com/guides/blockchain-address-101