Bitcoin and Monero wallet addresses have differences: Length: 34 characters for Bitcoin addresses and 95 characters for Monero addresses. Starting characters: Bitcoin addresses start with 1 or 3, Monero addresses start with 4 or 8. Technology: Bitcoin addresses are based on the SHA-256 hash function, while Monero addresses are based on ring signature technology. Interchangeability: Bitcoin and Monero addresses cannot be used interchangeably and must correspond to the type of cryptocurrency being sent or received.
Monero and Bitcoin wallet address
Bitcoin address
A Bitcoin address is a 34-character string consisting of numbers and letters, starting with the number 1 or 3. It is used to identify Bitcoin wallets and send and receive Bitcoins. Each Bitcoin address is unique and is used to receive a single Bitcoin transaction.
Monero address
The Monero address is an 8-character combination of numbers and letters starting with 4. It is used to identify Monero wallets and send and receive Monero. Each Monero address is also unique and is used to receive a single Monero transaction.
Difference
The main difference between Bitcoin addresses and Monero addresses is their length and starting characters.
- Length: Bitcoin addresses are 34 characters, while Monero addresses are 95 characters.
- Starting characters: Bitcoin addresses begin with 1 or 3, while Monero addresses begin with 4 or 8.
In addition, Bitcoin addresses are based on the hash function SHA-256, while Monero addresses are based on ring signature technology.
Compatibility
Bitcoin and Monero addresses cannot be used interchangeably. You cannot send Bitcoin to a Monero address or vice versa. You must use an address that corresponds to the type of cryptocurrency you are sending or receiving.
The above is the detailed content of Monero Bitcoin wallet address. For more information, please follow other related articles on the PHP Chinese website!
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