What is the Ethereum wallet address?

An Ethereum wallet address is a unique string of letters and numbers used to identify a specific account and to receive and send ETH and other cryptocurrencies. It usually consists of 40 hexadecimal characters, starts with "0x", and follows the format of a checksum and public key hash. There are two types of wallet addresses: external ownership addresses and contract addresses, which are associated with individuals or entities and smart contracts respectively. Ethereum wallet addresses are used to receive and send tokens, interact with smart contracts, and store and manage digital assets.

Ethereum Wallet Address

An Ethereum wallet address is a unique string of letters and numbers used to identify a specific account on the Ethereum blockchain and to receive and send Ethereum (ETH) and others Cryptocurrency.

Structure

Ethereum wallet addresses usually consist of 40 hexadecimal characters (0-9 and a-f) and start with "0x", for example:

0xDE0B295669A9FD93D5F28D9EC85E40F4CBDF94A2

Format

Addresses also follow the following Format:

• Checksum: The last 4 characters of the address are the checksum, which is used to verify the validity of the address.
• Public Key Hash: The first 32 characters of the address are the result of hashing the public key. The public key is part of the cryptographic key pair used to create and receive transactions.

Types

There are two types of Ethereum wallet addresses:

• External Ownership Address (EOA): associated with a person or entity and controlled by a private key.
• Contract Address: Associated with the smart contract, not a person or entity.

Uses

Ethereum wallet addresses are used to:

• Receive and send ETH and other ERC-20 tokens.
• Interact with smart contracts.
• Storage and management of digital assets.

Ethereum (ETH) Price Updates

As of 10:00 AM on July 25, 2024, the price of Ethereum (ETH) is $3,203.96, with a 24-hour trading volume of $187.15 billion. The price of ETH fell by 6.59% in the past 24 hours.

Price Moving Factors

The price drop may be attributed to the following factors:

• Gloomy sentiment in the overall cryptocurrency market
• Profit-taking by investors
• Growth of rival coins

Future Price Movement

ETH’s price action is difficult to predict, but analysts believe it is likely to remain volatile in the short term.

Action Guide

Investors should pay close attention to market dynamics and assess risks before deciding to trade.

Short Term Forecast

ETH is expected to continue to fluctuate over the coming hours to days. However, no drastic changes are expected.

Indicator

• Current price: 3,203.96 USD
• 24 hour trading volume: 187.15 billion USD
• Circulating market cap: 3852.069 billion USD
• Circulation volume: 120228315.0196 ETH
• Maximum supply Quantity: Unknown
• Total supply :120228315.0196 ETH

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