Ethereum: Understanding Bitcoin’s address versions
As for cryptocurrency transactions, one of the most important concepts is the address format used by Ethereum and its competitors. In this article, we delve into the meaning of the Bitcoin address version, including the normal version of the address and test addresses.
Normal version of the address
The basic format of the Bitcoin address is a 34-farm string that starts with “M”. This format is widely referred to as “normal” or “standard” Bitcoin address. The first character “M” represents whether the transaction is a new address (0) or existing (1). This information can be used by programmers and users to determine whether a given address is new or already in use.
For example, if we have a normal Bitcoin address: M1 ... This means a new address. Unlike this, if the first character was "M2", it would mean an existing address.
Testy addresses
When testing Ethereum or other blockchains on TestNetnet, developers often create testing addresses to simulate transactions in the real world. These test addresses usually start with "mt instead ofMM. This format is specific to the environmental TestNet and can be used for similar purposes as normal Bitcoin addresses, but with a slight difference.
Key differences between normal addresses and testing addresses
While both normal and test addresses are in line with the same 34-character format, there are some key differences:
- Normal addresses always start with "M", while testne addresses start with "Mt.
- The first sign of the normal address is always “1” (new), while testing addresses can have either “0” or “1”.
- Testne addresses usually use prefix such as “MT” to distinguish them from ordinary bitcoin transactions.
Application
To sum up, understanding of various address versions of Bitcoin is crucial for working with Ethereum and other blockchain platforms. Recognizing whether the address starts with “M” (normal) or “Mt` (TestNet), programmers can accurately identify new addresses compared to the existing ones. This knowledge also helps in creating testnet test addresses to simulate transactions in the real world.
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