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Tells a user how to pay a recipient. Bitcoin addresses are strings consisting of numbers and letters that begin with '1', '3', or 'bc1'. Addresses encode the recipient's output script that includes either a public key or a hash of a public key or script. Bitcoin addresses should not be confused with mailing addresses or IP addresses.

1 vote

How many characters of an address do I actually need to verify?

How big is the computational effort for an attacker to create a valid address that has the same M characters at the beginning and the same N characters at the end? … It's pretty easy to make addresses with are visually similar to one another, here only targeting the start of the address but there's no particular reason why it couldn't target the end as well. 18eXmgR5Svoqqa6PaYVrKvbH6hvrp5xe3A …
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13 votes

I've read that bitcoin addresses are never destroyed, but do they get recycled/reassigned?

The story is I sent some bitcoin to an exchange using an address I've used with them before, but then found out that they had just retired/stopped using that address. … There is no reason to ever "stop using" an address, especially as the one you're referencing contains over half a million dollars of value. …
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3 votes

Fees for Multisig Addreses Twice as High as Standard Address?

A single output is roughly 34 bytes per output regardless of whether the output represents a standard address or multisig address. Is this correct? … Yes, in modern Bitcoin transactions the size of producing an output (ie, paying to an address) is constant and has no relation to the size of the actual script. …
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2 votes

Bitcoin Core internal Electrum Server

Electrum servers are simply not compatible with Bitcoin Core on a development or operational level. They require a vast amount of indexes created which the node does not have, and must be created by a …
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1 vote

How to monitor Bitcoin address for new transactions?

Repeating this if you want to monitor a new address with potentially old entries. You need confidence that your code is correctly accounting, which is only something you can ensure. …
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1 vote

Can "Confidential Addresses" preserve user privacy?

In the "elements project" nomenclature a confidential address is an encoding of a P2PKH key which includes the necessary information to make a confidential transaction, one which uses range proofs to blind … There's nothing confidential about the address itself, it's functionally just a public key as normal. …
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1 vote

How can I generate a QR code for multiple outputs?

BIP0021 (the contents of a QR code) does not specify a method for defining multiple addresses.
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0 votes

Identifying the type of wallet that's being used?

You can identify some types of wallets by their behaviour, say using uncompressed keys rather than compressed ones, but this isn’t something directly revealed by any transaction. There is no specific …
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2 votes

For deterministic wallets, which key is better to give out?

You give out a single address, as with a normal wallet. The master private key and master public key are both for use locally and should never be shared with any party, especially not the former. …
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1 vote

Bread wallet iOS app

Breadwallet creates a new address every time you use the one displayed. There is no manual way of creating a new one manually. …
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4 votes
Accepted

What is the use of hashing the public key to obtain the bitcoin address?

Early renditions of the Bitcoin client did use raw public keys in this way for pay-to-IP-address transaction orders, it's still valid to spent an output to <raw pubkey> OP_CHECKSIG, though miners might … Before an output owned by a fresh address is spent, the hidden public key points are unknown to anybody but the creator. …
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1 vote

Duplicate r value for an address: only an issue for a multi-input Tx?

Any reused nonce is a problem, it's not restricted to a single transaction. No competent software will ever reuse nonces accidentally, so using a scanning script like that is just ruining your priva …
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