Ethereum: comprising the shortest address of coinbase and its effects
As a coinbase user, you are likely to know the standard form of Ethereum addresses, usually consisting of 42 characters, including letters and numbers. However, upon receiving Bitcoin, you may be surprised to find that your currency address has been really a valid public address from Ethereum that is suitable for use with other portfolios.
In this article, we explore Ethereum addresses to coinbase addresses and explored why they are shorter than their standard friends.
Standard form: 42 characters
Common Ethereum Addresses are normally formulated as follows:
0x ...
Where ... represents a hexadecimal address, divided into a group of six four characters. The first group is usually a domain name (eg 1), followed by an account number (eg 000000001) and then a block number (eg, 00000001).
coinbase new description
The bitcoin long coinbase address, 34xxxxxxxx, represents a specific Ethereum address. The individual identifier (xxxx) at the end of the address is called the domain. In this case, it is “1”.
So why is your long currency shorter than the standard? The answer is in a way that these longer addresses are molded and stored in the block chain.
shorter address form
When a user creates a new Ethereum account or transfer funds between accounts, it can create an address with the following format:
0x ...
Where ... represents the address of the address of a hexadecimal presentation. When this address is used to receive Bitcoin, it becomes a public address from Ethereum. The conventional marking format to receive currency addresses does not apply.
using your long currency address
Now that you know why your long currency addresses are shorter than standard friends, you can use them as valid Ethereum addresses to get Bitcoin. To do this:
- Login in your coinbase account.
- Go to the “Manage my profile” page.
- Click on “Cryptography Addresses”.
- Find the address that corresponds to your Bitcoin wallet.
- Copy and attach to another public address of Ethereum, such as receiving a registration address or message.
Important aspects of
When you use your long currency addresses to receive bitcoin, it is perfectly well, remember: Remember:
- You may not receive funds if you try to send them to the address that is not in the block chain.
- Some services, such as exchanges, may require a shorter address form when sending or receiving funds.
In short, the exclusive identifier (xxx) at the end of the long currency address represents the network ID and is a valid Ethereum address. You can use these addresses to receive bitcoin from other wallets as long as you are aware of any restrictions and requirements to use them.
Understanding how Ethereum addresses work in coinbase, you can browse confidence on this platform and take advantage of your features and services.
