The main differences between Bitcoin and Ethereum wallet addresses are as follows: Structure: Bitcoin addresses start with 1 or 3 and contain 26-35 characters (case sensitive); Ethereum addresses start with "0x" and contain 40 characters Lower case letters. Function: Bitcoin addresses are mainly used to store and receive Bitcoin; Ethereum addresses can also be used to interact with smart contracts. Generation: Bitcoin addresses are generated through ECC; Ethereum addresses are generated through hash functions. Compatibility: Bitcoin addresses are only compatible with the Bitcoin network; Ethereum addresses are only compatible with the Ethereum network.
Differences in Bitcoin and Ethereum Wallet Addresses
Bitcoin and Ethereum are two of the most popular cryptocurrencies, The structure of their wallet addresses is different.
Basic Structure
- Bitcoin address: Typically consists of 26 to 35 characters, starting with the number 1 or 3, and containing uppercase and lowercase letters.
- Ethereum address: consists of 40 characters, starting with "0x" and containing only lowercase letters and numbers.
Versions
- There are multiple versions of Bitcoin addresses, but the most common ones are P2PKH and P2SH addresses.
- There is only one version of Ethereum, called the External Owner Account (EOA).
Function
- Bitcoin addresses are mainly used to store and receive Bitcoins.
- In addition to storing and receiving Ethereum, Ethereum addresses can also be used to deploy and interact with smart contracts.
Address Generation
- Bitcoin addresses are generated via elliptic curve cryptography (ECC), using private and public keys.
- Ethereum addresses are generated from public keys using the Keccak-256 hash function.
Address case
- Bitcoin addresses are case-sensitive, meaning uppercase and lowercase will produce different addresses.
- Ethereum addresses are not case-sensitive and will be resolved to the same address regardless of the case entered.
Compatibility
- The Bitcoin address is compatible with the Bitcoin network and does not support Ethereum transactions.
- In contrast, Ethereum addresses are compatible with the Ethereum network and do not support Bitcoin transactions.
In summary, there are significant differences in the structure, functionality, generation, and compatibility of Bitcoin and Ethereum wallet addresses.
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