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Mwangi

How is a bitcoin address generated

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as sensible as clicking on deposit of any wallet or exchange. I don't think it's infinite the creation of bitcoin wallets but that's not currently a problem

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Actually, I have no idea how a Bitcoin address is generated at the programming level, but researching on the subject, I got something curious for me:


“Most Bitcoin addresses are 34 characters long and contain both uppercase and lowercase letters and numbers. The only prohibited characters are the uppercase letter 'O', the number '0', the uppercase letter 'I' and the lowercase letter 'l' in order to avoid visual ambiguity. The first two could be confused with each other and with the lowercase letter 'o', while the second two could be confused with each other and with the number '1'. "
Source: https://es.bitcoin.it/wiki/Dirección


As for what will happen when all the Bitcoins have been mined, we don't really have to worry about this, as there are more than 100 years to go and we will no longer be alive to witness it.

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addresses is a mathematically improbable possibility, wallets can have a way to generate bitcoin address

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To generate your bitcoin address, you can do it by creating a wallet on the platform of your choice, then you go to "deposits where Bitcoin appears" and there you will see your bitcoin deposit address

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On 2/23/2020 at 5:40 AM, Kantaro17 said:

The form is really not useful to know. And even if you want to create one for yourself it is very dangerous. If by chance you create an equal to that of another person then that person will receive the earnings and you will not.

Friend why you just get in when you dont have any king of knowledge and misknowledge other new users 

Friend the withdraw address is not same for any of one user in the world and its give every user who registered on any wallet or exchange and no one can change its bitcoins address manually if you need a new address then just click on get new and your will alot a new transactions of crypto address .

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On 2/23/2020 at 6:56 AM, ArsalMajeed said:

Yes so straight to the question. How does a bitcoin address is generated. It is generated by using sudo random techniques. A format is already decided & any address within it can be generated but cannot be regenerated.

Yes you are right that all of the bitcoin addresses are generated using some random technique may be some algorithm that just decided the length & format. So every address is unique & could be generated only once.

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The number of addresses is close to infinity so I am not think there will be a problem. Maybe after many years of billions of people using Bitcoin and having each one millions of addresses used it can reach a number. But I am not did the numbers to be very sure about that. It is what I am read from other sources.

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The address you get is a part of the the blockchain technology is what I believe the address is a combination of letters and numbers randomly generated there is a total of 64 characters in the address. Should definitely keep your address safe and never disclosed that to others.

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On 8/30/2020 at 10:17 PM, Calvinpriva said:

I think there is a special technology and a formula used to generate a bitcoin address. I think this method would me known by programmers because it seems to be a little hard but easy to IT people.

 @Calvinpriva...I agree with you too.  Many advanced technologies are used to create bitcoin addresses.  However, the type of wallet address is also different.  However, all sites or wallets create bitcoin addresses with their own licenses.  You will share if you know more information.

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There is a certain algorithm by which Bitcoin addresses are generated, I do not think that Bitcoin addresses can end, because this algorithm generates a huge number of Bitcoin addresses, and it is also possible to modify this algorithm to create new addresses, and I do not think that finishing Bitcoin mining will be any problem In creating Bitcoin addresses. In any case, mining Bitcoin takes many years, perhaps in the year 2140, for the last Bitcoin block to be mined.

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It is very difficult to identify what algorithms have used to generate bitcoin wallet address.It is long in length for this reason it is very to guess.

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On 2/22/2020 at 1:19 PM, Mwangi said:

There has been this one question that I have been asking for so many days, how is it a a bitcoin address is generated and is there a time when it will be finished  and if so , what will happen when all address are designated each, and if not, what happens when all bitcoins a re mined so this question is really one that disturbs me, and this is because you can generate from any wallet we have, lets discus this kindly guys

Bitcoin address are mostly generated using some special algorithm based on some complicated hash functions, these is mostly carried out on electronic devices such as mobile phones or personal computers. 

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On 2/23/2020 at 3:56 AM, PiroSense said:

Talking about probabilities, it's near zero chance to happen.

 

To answer your first question, the address is merely everything. It all starts from a private key, a 64 characters long, randomized combination of character ranging from 0-9 and A-F (hexadecimal). This key would be hashed down to a public key, then to a public address, which you can see and send the funds to.

 

The total number of addresses possible is 2^160. That is, 2 multiplied by itself 160 times. Which would be 1,461,501,637,330,902,918,203,684,832,716,283,019,655,932,542,976 to be exact (reference here). Getting an assigned one already would be: 1 ÷ Total Number of Addresses, which would be nearly 0% chance.

I knew the public key was a hash of the private key but I didn't know all the rest. It is very interesting to know the number of addresses is so high and this proves that the probability of hacking the private key with todays computing power is impossible.

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5 hours ago, Cleaner said:

You will share if you know more information.

Well said @Cleaner but i know nothing about generating a bitcoin address. I studied IT but things which i learned are different with blockchain technology, i wish to know the full process though seems it needs time and learn it. I hope i will have time to learn it.

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Time is the ultimate weapon!

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Hello everyone, the Bitcoin wallet is a file that we need to send and receive bitcoins, when generating the wallet you will receive a pair of keys or addresses, these addresses can be generated very easily, one is your public address, which we can share with anyone person to send us a payment in bitcoins and the other is the private key, which we must keep safe, as if it were a password,

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The technicals are not easy and I don't understand them exactly, I have only learned it is derived from the private key but the opposite, meaning to find the private key from the public key is impossible. It is very highly secure system that doesn't allow any hacking.

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The address they give us is used by numerical and alphabetical combination which can't be tracked. And we know how many characters are in each addresses. So if we calculate then it will take centuries to be generated the last address. And after than there will be given more characters in order to create unique addresses. Thats what i improvised from some sources.

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On 2/22/2020 at 2:19 PM, Mwangi said:

what will happen when all address are designated each,

This can't happen because the number is so high that it will never be reached, not even close to 1%. The combinations of total addresses is a number that the human mind cannot process because there is nothing in the universe that we can compare it with.

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Different exchanges have different addressee and everyone can generate that and in the crypto market and so many peoples will generate the address and its usage is easy and its totally free.

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On 2/22/2020 at 3:19 PM, Mwangi said:

There has been this one question that I have been asking for so many days, how is it a a bitcoin address is generated and is there a time when it will be finished  and if so , what will happen when all address are designated each, and if not, what happens when all bitcoins a re mined so this question is really one that disturbs me, and this is because you can generate from any wallet we have, lets discus this kindly guys

Bitcoin addresses are generated automatically with the wallets so it doesn't take more than a click its so fast that the wallets generate it,  and yeah i also have some question about what if all bitcoins mined out, but i think even if its all mined we can still exchange with it.

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The bitcoin address is generated randomly through blockchain by using hashes, and when blockchain generate address it never duplicate again to generate the same address. 

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A bitcoin address is a code that opens and closes your wallet where you will receive and send bitcoin and it is generally a wallet inside another wallet or inside a cryptocurrency exchange, for example in payeer, if you open an account there you have of several cryptocurrency addresses including the bitcoin address, that is, a range of addresses can be available depending on how many cryptocurrencies the wallet or exchange house handles. When you open an account, for example, in an exchange house, you already automatically have the address of bitcoin and the other currencies that that entity has.

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11 hours ago, Calvinpriva said:

Well said @Cleaner but i know nothing about generating a bitcoin address. I studied IT but things which i learned are different with blockchain technology, i wish to know the full process though seems it needs time and learn it. I hope i will have time to learn it.

@Calvinpriva..I researched a little blog and got some idea about bitcoin wallet.  First we need to enter the bitcoin.com site.  Then I will click on Bitcoin's wallet.  Then I will create.  To create a new address, you need to specify your name, wallet name and total number of copayers.  Then your wallet address will be created.  You can then trade bitcoin by scanning your address and sharing it with other friends.

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This is technical and while I have read it and understood it is not actually needed to know. The bitcoin address is the public key. A public key is the hacked version of your public key. It is less in size and shorter. The original public key is longer.

Try this explanation here: https://learnmeabitcoin.com/technical/address

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If you want to transfer your BTC at exchange you will generate a BTC address their is sometimes no limit of time but some exchanges shows the timer. So better be look under the generated address. Always generate fresh address for transactions and do transaction at same time when you have generated the address. This will be good for you if the address is expired your coins will be lost and you will not recover  them .

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There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • С радостью сообщаем, что мы добавлены на мониторинг OKchanger Контакты: Наш сайт - https://bitkovskiy.io/ Почта - bitkovskiy.change@gmail.com Telegram - https://t.me/Bitkovskiy_exchange
    • там автоматом, вроде, должно. при соблюдении нужных пунктов. что-то типа этого:     а еще у них есть пулы:     а ля американские горки вверх-вниз?
    • В России планируют запретить оборот криптовалют — депутаты назвали точную дату   Исключение авторы проекта предлагают сделать для майнеров, участников майнинг-пулов и «проектов Банка России в рамках экспериментального правового режима». Участниками обращения криптовалют считаются российские или иностранные юрлица и их представительства, а также физические лица, находящиеся на территории страны не менее 183 суток в течение 12 следующих подряд месяцев (то есть полноценные российские налоговые резиденты). Законопроект предлагает запретить на территории страны любую рекламу самих криптовалют и рекламу организации обращения виртуальных монет. Сейчас в действующем законодательстве есть запрет на расчеты между физическими и/или юридическими лицами в криптовалютах, но нет запрета на «организацию обращения» в любом виде. Это обновленная редакция законопроекта № 237585-8, который появился в ноябре 2022 года и должен был отрегулировать майнинг. Тогда документ не прошел даже перовое чтение. В феврале 2024 года авторы законопроекта снова попытались дать ему ход, но 19 апреля комитет по финансовому рынку постановил отправить текст на доработку. В пятницу, 26 апреля, вечером новая версия появилась на столе у председателя Госдумы Вячеслава Володина. Авторами и прошлой, и новой версии законопроекта значится группа из 16 депутатов, в том числе достаточно статусных: председатель комитета по финансовому рынку Анатолий Аксаков, зампредседателя комитета Аркадий Свистунов, зампредседателя комитета по информационной политике Антон Горелкин, первый зампредседателя комитета по безопасности Андрей Луговой, бывший министр сельского хозяйства Алексей Гордеев и так далее. В начале апреля главный фронтмен законопроекта, Анатолий Аксаков, жаловался, что принять закон мешает «одно-единственное ведомство». И обещал, что проект точно станет законом в августе.
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