Cryptocurrency Active Addresses and New Addresses: What Are They?
December 15, 2022
Whenever a crypto wallet is created, it assigns a unique address to each token it supports. Senders need this address in order to send cryptocurrency to the intended recipient.
Addresses are typically composed of alphanumeric characters, i.e., a combination of numbers and alphabets. To prevent typing errors, a string (Base58) is derived from the hashed version of the crypto wallet’s public…