Pages:

Author

Topic: How do bitcoin addrss be too long? (Read 302 times)

dansus021

copper member

Activity: 2156

Merit: 983

Part of AOBT - English Translator to Indonesia

Quote from: julia335 on June 29, 2024, 02:32:44 PM

Which addess is safer? Short or long?

Bitcoin address is safer whether they long or short in my opinion unless you don't give your private key to someone else. They might be long but those unique bitcoin addresses give you pseudonyms to other people.

But the case might hit differently to other addresses before ethereum there is altcoin that uses a simple address but I don't remember the name of coin, and Ethereum right now uses ENS or etherum Name services like domain so basically you can make your address shorter and give you flexibility to the address

Zaguru12

hero member

Activity: 868

Merit: 952

Quote from: re-start on June 30, 2024, 11:31:16 AM

Being long or short of your Bitcoin address does not decrease or increase its security. If you keep your Bitcoin in an exchange, the possibility of losing it is maybe 30%. But if you use an Electrum wallet, you can guarantee the security of your wallet.

I don’t know how you come about with the percentage but yes having your coins stored on exchanges is at the risk of you losing the funds, this is because exchanges are custodial wallets that holds your private keys which are the gateways to spending your funds, so should they get compromised, rig pull or even hacked your funds will be gone with them. But does that make non-custodial wallets like electrum ultimately safe? No because even with your private keys or seed phrase right in your possession, the way you treat that wallet or protect the private key will actually determine how safe your coins on the wallet are. So using electrum or other wallets doesn’t guarantee safety of the funds

Quote from: btc78 on June 30, 2024, 09:57:30 PM

Quote from: julia335 on June 29, 2024, 01:56:44 PM

bc1peyr986nrj2f0w5a69jl496j4svdc03f64z0agke8kqyq6lhne6psgxk7hf

Since this has ‘bc1’ at the start, it’s most likely a segwit address.

It’s not a likely solution, this is certainly a SegWit version 1 address which we popularly know as Taproot address format (P2TR), the prefix (bc1p) and also the long characters length is there to confirm it

ABCbits

legendary

Activity: 2870

Merit: 7490

Crypto Swap Exchange

Quote from: julia335 on June 29, 2024, 02:32:44 PM

Which addess is safer? Short or long?

All address generally consider as safe. There's only theoretically security concern on certain type of address (e.g. 80-bit collision attack on P2SH address). But you might as well as use native SegWit address (which starts with bc1p) for general usage and Taproot address for more specific address (e.g. multi-signature Taproot address).

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: julia335 on June 29, 2024, 01:56:44 PM

How do bitcoin addrss be too long?

This is because bitcoin addresses are not just randomly generated but has a code that it follows. This address is a has of the public key and is encoded with base58. The addresses also differ in length or prefixes depending on what kind of address that is.

Quote

This is a bitcoin aadress with balance

bc1peyr986nrj2f0w5a69jl496j4svdc03f64z0agke8kqyq6lhne6psgxk7hf

Since this has ‘bc1’ at the start, it’s most likely a segwit address.

hosseinimr93

legendary

Activity: 2380

Merit: 5213

Quote from: promise444c5 on June 30, 2024, 09:36:03 AM

Legacy(P2PKH,P2SH.....)=>34 characters

It may worth mentioning that legacy addresses are usually 34 characters long, but it's not that they always contain 34 characters. It's possible to have a legacy address with less characters.

Quote from: re-start on June 30, 2024, 11:31:16 AM

But if you use an Electrum wallet, you can guarantee the security of your wallet.

It's not that you secure your fund just with using electrum. Any online device is always prone to hacking.

re-start

member

Activity: 171

Merit: 58

Free City Individual

Quote from: julia335 on June 29, 2024, 02:32:44 PM

Which addess is safer? Short or long?

promise444c5

sr. member

Activity: 476

Merit: 299

Learning never stops!

Quote from: crwth on June 30, 2024, 08:16:15 AM

I Read somewhere that it could be 32 to 64 characters. No matter what happens, I think it will be verified using checksums If the address is valid. At least now you know it could be validated when you are sending BTC.

I’m not sure if this always applies with legacy or segwit.

OP is actually talking about Segwit =>bc1
bc1p=> P2TR(pay 2 tap root) and that's what op is asking...

Quote from: Charles-Tim on June 29, 2024, 03:21:11 PM

P2TR which contain 62 characters

...........
Segwits are
P2WPKH,P2WSH,P2TR Just as it has been mentioned and they have the character 42,62,62 respectively....

Legacy(P2PKH,P2SH.....)=>34 characters

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

I think Bitcoin addresses are long because they need to be unique and secure. They’re made up of a string of letters and numbers, usually between 26 to 35 characters. This length helps ensure there are enough possible addresses to go around and makes it really tough for anyone to guess or hack them. It's like having a super long, complicated password for your digital wallet.

This forum is not an online place that you will visit daily and read the OP and post anything that you like. This thread is not yet long to the extent you suppose not to read what others have posted. If you can not read all, you can easily read the posts that are given merit. Supposing you have read what others have posted, you would not have posted this rubbish.

seoincorporation

legendary

Activity: 3346

Merit: 3125

Quote from: Charles-Tim on June 29, 2024, 02:59:49 PM

Silent payment addresses starts from sp1.

This is the first time i have seen the Silent payment topic, it's totally new for me.

I have no idea at all about how they work, but it looks like there is a lot of information about it, and the technical details are on the BIP 0352, i will leave the link for those who want to learn about it:

https://en.bitcoin.it/wiki/BIP_0352

The address from silent payments is long as hell, we are talking about 116 chars. So, it is worth to learn all about this implementation.

Zaguru12

hero member

Activity: 868

Merit: 952

Quote from: CryptoHeadlineNews on June 29, 2024, 03:32:11 PM

Quote from: Charles-Tim on June 29, 2024, 03:21:11 PM

Quote from: CryptoHeadlineNews on June 29, 2024, 03:02:59 PM

So with the prefix "bc1" at the start of the wallet address, it's a sign that's Bitcoin Segwit wallet address, and usually contains 26 to 36 characters.

bc1 can be for:

P2wpkh which have 42 characters
P2wsh which contain 62 characters
P2TR which contain 62 characters

Thanks for the detailed explanation Boss, because not until today I never knew bc1 Segwit wallet address was subdivided into these 3 categories given above, and on that note, I look forward to making more personal research about it for my understanding.

Shading a little light on this; the first two format P2WPKH and P2WSH uses the prefix bc1q, the difference between them is that the format P2WPKH is your standard address which is shorter in character and you have your Pubkey and where you can spend from that pubkey while the P2WSH is like the address format with script like multi sig (it is just similar to the address format P2SH; address starting with 3) and it is long. The both are referred to as version 0 Segwit address format.

The P2TR is the version 1 Segwit address format, simple called the taproot address, this was Like a little privacy upgrade on the version 0 formats when using multi signature addresses.

CryptoHeadlineNews

hero member

Activity: 1092

Merit: 747

Quote from: Charles-Tim on June 29, 2024, 03:21:11 PM

Quote from: CryptoHeadlineNews on June 29, 2024, 03:02:59 PM

Bitcoin address are a combination of alphanumeric numbers, and as such, how lengthy or short it is does not guarantee safety, but what determines the safety of a Bitcoin wallet is the type of its wallet host, such as either a custodial or non custodial wallet, as it has been proven that the most secure Bitcoin wallets are non custodial wallets such as Electrum and Bluewallat, where individuals could have access to the private key to their funds.

How you protect your seed phrase and private keys are part of what that guarantee you coins safety.

Absolutely, you are very correct, since Seed phrase and private key are usually the gateway to the entrance of all Bitcoin wallets.

Quote from: CryptoHeadlineNews on June 29, 2024, 03:02:59 PM

So with the prefix "bc1" at the start of the wallet address, it's a sign that's Bitcoin Segwit wallet address, and usually contains 26 to 36 characters.

bc1 can be for:

P2wpkh which have 42 characters
P2wsh which contain 62 characters
P2TR which contain 62 characters

DaveF

legendary

Activity: 3500

Merit: 6320

Crypto Swap Exchange

Think of it as the address of your house

1 1St Street is no more or less safe an address then 2872 Jean Baptiste Point du Sable Lake Shore Drive

What makes a BTC address safe is how you handle the private keys and the devices you use them on.

Accessing a web wallet on a public PC = Not Safe
Using a hardware wallet with a PC that only you control = Safe

There are a lot of things in between those 2 with different levels of safety. But the actual public address does not matter to safety at all.

-Dave

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Quote from: CryptoHeadlineNews on June 29, 2024, 03:02:59 PM

How you protect your seed phrase and private keys are part of what that guarantee you coins safety.

Quote from: CryptoHeadlineNews on June 29, 2024, 03:02:59 PM

So with the prefix "bc1" at the start of the wallet address, it's a sign that's Bitcoin Segwit wallet address, and usually contains 26 to 36 characters.

bc1 can be for:

P2wpkh which have 42 characters
P2wsh which contain 62 characters
P2TR which contain 62 characters

CryptoHeadlineNews

hero member

Activity: 1092

Merit: 747

Quote from: julia335 on June 29, 2024, 02:32:44 PM

Which addess is safer? Short or long?

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Quote from: NotFuzzyWarm on June 29, 2024, 02:19:19 PM

Addresses can be up to 62 characters long. ref https://bitcoin.design/guide/glossary/address/ for the various formats.

If silent payment addresses are regarded as bitcoin addresses, they are 116 characters long.

Quote from: julia335 on June 29, 2024, 02:32:44 PM

Which addess is safer? Short or long?

All bitcoin addresses are safe. Be it start from 1, 3, or bc1. Silent payment addresses starts from sp1.

julia335

newbie

Activity: 20

Merit: 0

Which addess is safer? Short or long?

hosseinimr93

legendary

Activity: 2380

Merit: 5213

The address in question is a taproot address. All taproot addresses (those that start with bc1p) are 62 characters long.
It may worth mentioning that P2WSH addresses (such as multi-signature native segwit addresses) include 62 characters too.

NotFuzzyWarm

legendary

Activity: 3822

Merit: 2703

Evil beware: We have waffles!

Addresses can be up to 62 characters long. ref https://bitcoin.design/guide/glossary/address/ for the various formats.

Fivestar4everMVP

legendary

Activity: 2422

Merit: 1083

Leading Crypto Sports Betting & Casino Platform

I have no technical knowledge of how bitcoin addresses are forms, but then, several a times, I've also come across some address that seem or are actually longer than others, but the fact is, whether or short address, they work as Bitcoin address and that's what's most important.

And by the way, I was doing a little research on your question, and I came across an article on cointelegraph with this paragraph quoted below..

Quote

Bitcoin addresses are derived from public keys via encoding and hashing. Because they enable the creation of digital signatures in Bitcoin transactions, public keys — which are derived from private keys — are essential. These signatures allow transactions on the blockchain and verify who owns the funds.

A vital component of Bitcoin’s operation, hash functions are used to construct fixed-length, shorter representations of data, including public keys. These hash algorithms ensure that Bitcoin addresses are compact and standardized, which makes data storage and transfer on the blockchain network more effective.

You can see the part I highlighted with a bold text, maybe that answers your question.
And you can read the whole article HERE, If you are interested in knowing more about bitcoin addresses and their types, there is alot you can learn from the article.