{"id":2632,"date":"2022-11-08T08:56:46","date_gmt":"2022-11-08T08:56:46","guid":{"rendered":"https:\/\/metaschool.so\/articles\/?p=2632"},"modified":"2023-04-15T06:36:47","modified_gmt":"2023-04-15T06:36:47","slug":"wallet-address-blockchain","status":"publish","type":"post","link":"https:\/\/metaschool.so\/articles\/wallet-address-blockchain\/","title":{"rendered":"Address"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_56_1 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/metaschool.so\/articles\/wallet-address-blockchain\/#What_is_a_wallet_address_%F0%9F%93%96\" title=\"What is a wallet address? \ud83d\udcd6\">What is a wallet address? \ud83d\udcd6<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/metaschool.so\/articles\/wallet-address-blockchain\/#Heres_a_further_look_at_what_different_crypto_wallet_addresses_may_look_like\" title=\"Here&#8217;s a further look at what different crypto wallet addresses may look like\">Here&#8217;s a further look at what different crypto wallet addresses may look like<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/metaschool.so\/articles\/wallet-address-blockchain\/#If_youre_looking_to_make_your_address_here_are_some_of_the_best_crypto_wallets_to_use\" title=\"If you&#8217;re looking to make your address, here are some of the best crypto wallets to use\">If you&#8217;re looking to make your address, here are some of the best crypto wallets to use<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/metaschool.so\/articles\/wallet-address-blockchain\/#History_of_wallets_in_cryptocurrency\" title=\"History of wallets in cryptocurrency\">History of wallets in cryptocurrency<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\" id=\"what-is-a-wallet-address\"><span class=\"ez-toc-section\" id=\"What_is_a_wallet_address_%F0%9F%93%96\"><\/span>What is a wallet address? \ud83d\udcd6<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is a unique sequence of numbers and letters to send and receive information or assets. In <a href=\"https:\/\/metaschool.so\/blockchains?ref=Article&amp;utm_source=Blog_Organic\">blockchain<\/a> technology, a user is assigned an address whenever he creates an account on a digital crypto wallet.<\/p>\n\n\n\n<p>A wallet address is normally used for sending and receiving cryptocurrencies. It is a combination of letters and numbers and each address uniquely identifies the source or destination of transactions.<\/p>\n\n\n\n<p>Addresses also have the ability to identify the cryptocurrency used. Different kinds of addresses are used by blockchains that contain unique patterns e.g. for <a href=\"https:\/\/metaschool.so\/blockchains\/bitcoin?ref=Article&amp;utm_source=Blog_Organic\">Bitcoin<\/a> they start with 1, 3 or bc1 and for <a href=\"https:\/\/metaschool.so\/blockchains\/ethereum?ref=Article&amp;utm_source=Blog_Organic\">Ethereum<\/a>, they start with 0x.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"here-s-a-further-look-at-what-different-crypto-wallet-addresses-may-look-like\"><span class=\"ez-toc-section\" id=\"Heres_a_further_look_at_what_different_crypto_wallet_addresses_may_look_like\"><\/span>Here&#8217;s a further look at what different crypto wallet addresses may look like<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bitcoin address: 32WGoApaVN7WGgWgPRRNoPJkcb4rZHpfHu<\/p>\n\n\n\n<p>Ethereum Address: 0xe9efe1fcc5a5dc299d66a9694ee1dd57d14e6f38537124e8a80ab8f46ad75fab<\/p>\n\n\n\n<p>You can even customize them by adding your name or anything that you want.  This kind is referred to as a vanity address. It is actually the same as generating a private key from which the public key will be derived.<\/p>\n\n\n\n<p>An example of a vanity address:<\/p>\n\n\n\n<p>1SatoshiHHqnDPRSfiZ5GXJ8Gk9dbjO<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"if-you-re-looking-to-make-your-address-here-are-some-of-the-best-crypto-wallets-to-use\"><span class=\"ez-toc-section\" id=\"If_youre_looking_to_make_your_address_here_are_some_of_the_best_crypto_wallets_to_use\"><\/span>If you&#8217;re looking to make your address, here are some of the best crypto wallets to use<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/metaschool.so\/courses\/understand-and-setup-metamask-account?ref=Articles&amp;utm_source=Blog_Organic\">Metamask Wallet<\/a><\/li><li>Coinbase Wallet<\/li><li><a href=\"https:\/\/trustwallet.com\/\" target=\"_blank\" rel=\"noopener\">Trust Wallet<\/a><\/li><\/ul>\n\n\n\n<p>Using addresses is pretty simple. Suppose you have a friend who asks for some crypto. You can simply ask for his crypto wallet address and send the desired amount from your wallet to his wallet.<\/p>\n\n\n\n<p>There is an important difference to know between addresses and private keys. Crypto wallet addresses can be shared publicly but the private key must not be shared with anyone. Many websites are scamming users by asking for their private keys and several have lost crypto worth thousands of dollars as a consequence.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"history-of-wallets-in-cryptocurrency\"><span class=\"ez-toc-section\" id=\"History_of_wallets_in_cryptocurrency\"><\/span>History of wallets in cryptocurrency<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The concept of a wallet is a fascinating one because cryptocurrency is essentially virtual, unlike fiat currency. A currency that doesn\u2019t exist in a material form should not need a wallet, right?<\/p>\n\n\n\n<p>Exactly! But people use <a href=\"https:\/\/metaschool.so\/articles\/fiat-wallet-guide\/\">fiat wallets<\/a> to secure an amount of money. This shows that there is a threat of losing money. Well, similar concepts apply to virtual currency as well. You might end up losing the currency, get it stolen at the hands of hackers, etc.&nbsp;<\/p>\n\n\n\n<p>Other than that, wallets come in super handy for trading the currency that you have.&nbsp;<\/p>\n\n\n\n<p>However, there is a very interesting history of the evolution of wallets and their many different types.<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Paper wallets:<\/strong> One of the earliest forms of wallets is a paper wallet. They are a form of offline storage, and in such a wallet you print out your private and public keys.&nbsp;<\/li><\/ol>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\"><li><strong>Software wallets:<\/strong> Software wallets are a step ahead of paper wallets. They can store and manage multiple cryptocurrencies and their examples include MyEtherWallet, Bitcoin Core, etc.<br><\/li><li><strong>Web wallets:<\/strong> Web wallets, as the name says, are based out of a browser. <a href=\"https:\/\/metaschool.so\/courses\/understand-and-setup-metamask-account?ref=Article&amp;utm_source=Blog_Organic\">MetaMask<\/a> could serve as a great example of web wallets.<br><\/li><li><strong>Mobile wallets:<\/strong>  Today, from trading to minting, everything is possible on a mobile phone. Thus mobile wallets are an excellent idea. Coinbase and MetaMask are both functional on smartphones and serve as good examples.<br><\/li><li><strong>Hardware wallets:<\/strong> People with a significant amount of cryptocurrency and those who are also careful about security usually have hardware wallets. These are physical wallets that do not have much of a connection to the internet and are separate devices. Examples include Ledger X, KeepKey, and Trezor Model T.<\/li><\/ol>\n\n\n\n<p>All in all, crypto wallets are an important part of cryptocurrencies. They provide security, reliance, and easy-trading opportunities.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":5432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[73],"tags":[11,4,74],"class_list":["post-2632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-web3-crypto-glossary","tag-crypto-wallet","tag-cryptocurrency","tag-web3-glossary"],"_links":{"self":[{"href":"https:\/\/metaschool.so\/articles\/wp-json\/wp\/v2\/posts\/2632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metaschool.so\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metaschool.so\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metaschool.so\/articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metaschool.so\/articles\/wp-json\/wp\/v2\/comments?post=2632"}],"version-history":[{"count":7,"href":"https:\/\/metaschool.so\/articles\/wp-json\/wp\/v2\/posts\/2632\/revisions"}],"predecessor-version":[{"id":5402,"href":"https:\/\/metaschool.so\/articles\/wp-json\/wp\/v2\/posts\/2632\/revisions\/5402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metaschool.so\/articles\/wp-json\/wp\/v2\/media\/5432"}],"wp:attachment":[{"href":"https:\/\/metaschool.so\/articles\/wp-json\/wp\/v2\/media?parent=2632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metaschool.so\/articles\/wp-json\/wp\/v2\/categories?post=2632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metaschool.so\/articles\/wp-json\/wp\/v2\/tags?post=2632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}