By Vudorn - 22.03.2020
What is my bch address
When Bitcoin Cash (BCH) was created, it shared the same address format as bitcoin. In an effort to alleviate any confusion for users of both. What is a bitcoin cash receiving address? · Log into your bitcoin cash wallet. · Make sure 'Bitcoin Cash' or 'BCH' is selected if your wallet supports multiple coins.
This means that whether you send BCH to the what is my bch address address format or the "CashAddr" version of the address, it is the same public-private keypair underneath, and what is my bch address same key accessing the funds.
We use the CashAddr format to support the Link community and minimise risk of deposit error for clients.
Note that if your exchange or wallet does not support this, you should contact them and ask to upgrade their software because this is standard on the BitcoinCash network.
Background On August 1, Bitcoin Cash was born. All Bitcoin holders as of block now had a claim to a new asset called BCH which was on a distinct chain. In the what is my bch address, there was bch address conversion confusion among what is my bch address about an array of technical issues ranging from how to claim BCH in what is my bch address first place, as well as how to recover BTC and What is my bch address sent to the wrong chain.
Bob sells burgers and Alice is hungry, so she orders a burger. Bob says what is my bch address supports Bitcoin and accepts Bitcoin for payment.
Alice also supports Bitcoin, so she asks for the payment address.
Bob complains that there is no transaction found, what is my bch address then asks if Alice sent the full 0. Due to this confusion, Alice's 0. What is my bch address thanks Bob and suggests that to avoid confusion in the future Bob should use the new CashAddr format for BCH which clearly marks that it is a Bitcoin Cash address and uses a distinct format from the BTC addresses.
The full format of a CashAddr address looks like this: bitcoincash:qzxf0wl63ahx6jsxu8uuldcw7n5aatwppvnteraqaw There are three main parts to the CashAddr format : Prefix: this is the "bitcoincash" part of the address, which in general specifies what network is being referred to Separator: this is always a colon ":" Payload: The bech32 encoded payload Most wallets and nodes will understand the address even without 1 and 2but it is safest to just use the what is my bch address address format including all three.
These addresses are also case insensitive, which makes it easier to avoid mistakes.
The underlying private and public key what is my bch address are the same, but the hashing algorithm for displaying the public key is altered. What is my bch address see more that 1- and q- addresses and 3- and p- addresses are both interchangeable for the purposes of movement of funds on the BCH blockchain.
And to make extra sure there is no confusion, a network prefix is included that clearly identifies it as "bitcoincash:".
This simple change drastically reduces cases of erroneous cross-chain transfers. This just click for source make the likelihood of deposit errors decrease dramatically.
As a result, you may need to convert the q-prefix deposit address on Crypto Facilities to a corresponding 1-prefix address in order to transfer funds.
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