Algorithm

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Address

What does Address mean in crypto terms?

In cryptocurrency an address is a unique identifier that represents a destination (wallet address) for a cryptocurrency transfer. The address consists of a string of alphanumeric characters, it serves as a digital location to which a user can send or receive cryptocurrency. Each address is associated with a private key, which is required to access and manage the assets stored in it. Different cryptocurrencies have different address formats, and it is crucial to use the correct address type when conducting transactions to ensure the safety and success of transfers.

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