Topic: Some BTC addresses start with a "3" (Read 1456 times)
For some reason, I dislike all addresses that do not being with an 1. It's just not as aesthetically pleasing to the eye.
they are multisignature adresses! now bitstamp uses that type of adresses
Does that guarantee that they wont lose funds ever again ?
I've learned something new today.
Thanks to the thread starter for asking this question.
That is really useful. I've already asked myself if it would be possible to "split" the key for security reasons and have some kind of fallback in case I loose one part. Great to see that a solution exists already.
Thanks to the thread starter for asking this question.
Address starting with 3 is a multisignature address, a address requiring 2-of-3 signatures to be able to be spent. It is an address associated with more than one ECDSA private key. It is usually used as cold storage as it is harder for one to steal 2 private keys compared to 1. It can also be a protection against malware as you could keep the keys on separate computers. Keeping one of the three keys safety is also a good practice, if one of the keys is lost, the bitcoin can still be spent using 2 of the remaining keys. It can also be shared between multiple people, majority of the people can vote and spend the coin.
That is really useful. I've already asked myself if it would be possible to "split" the key for security reasons and have some kind of fallback in case I loose one part. Great to see that a solution exists already.
Interesting. My friend was in Bit-x and told me about the 3 thing. It was really weird, I thought it was some sort of altcoin.
they are multisignature adresses! now bitstamp uses that type of adresses
Does that guarantee that they wont lose funds ever again ?
As mentioned many times above an address starting with a 3 is a multisg address
Well, you will find that the exchange in my signature does use multi-sig addresses and currently uses addresses that start with a "3". Case solved.
they are multisignature adresses! now bitstamp uses that type of adresses
Does that guarantee that they wont lose funds ever again ?
As mentioned many times above an address starting with a 3 is a multisg address
...
pooya87
That bitcoin/wiki link explains a lot, thank you!
Highly recommended for these BTC address questions.
pooya87
That bitcoin/wiki link explains a lot, thank you!
Highly recommended for these BTC address questions.
it starts either with 1 or 3 and interesting enough the first example on https://en.bitcoin.it/wiki/Address is this one "3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy" which starts with 3 
which is associated with the new features
which is associated with the new features
Hmm, are you guys sure that there is such a strict distinction between the two?
I was aware that your usual one-man-address starts with 1 and your usual
multisig address with 3. But to my knowledge a 3-address can also be a regular
onesig address, although an unusual one.
3-address are pay-to-script-hash addresses (P2SH in short). Most of the time they are used to do multisig but they are not limited to that. You probably saw one that does something different. Alternatively, you can also do multisig without a 3-address. It is rare but possible.I was aware that your usual one-man-address starts with 1 and your usual
multisig address with 3. But to my knowledge a 3-address can also be a regular
onesig address, although an unusual one.
https://en.bitcoin.it/wiki/Pay_to_script_hash
An explanation like
they are multisignature adresses!
is thus an oversimplification in my eyes. 
they are multisignature adresses! now bitstamp uses that type of adresses
Also TheRockTrading, it uses greenAddress ( multiSign +2FA + instant confirm -if the other user uses also greenaddress as wallet).
they are multisignature adresses! now bitstamp uses that type of adresses
Does that guarantee that they wont lose funds ever again ?
they are multisignature adresses! now bitstamp uses that type of adresses
Aah.....
I always wondered why the addresses in BitX started with 3.
Now that makes sense.
I always wondered why the addresses in BitX started with 3.
Now that makes sense.
Hmm, are you guys sure that there is such a strict distinction between the two?
I was aware that your usual one-man-address starts with 1 and your usual
multisig address with 3. But to my knowledge a 3-address can also be a regular
onesig address, although an unusual one.
3-address are pay-to-script-hash addresses (P2SH in short). Most of the time they are used to do multisig but they are not limited to that. You probably saw one that does something different. Alternatively, you can also do multisig without a 3-address. It is rare but possible.I was aware that your usual one-man-address starts with 1 and your usual
multisig address with 3. But to my knowledge a 3-address can also be a regular
onesig address, although an unusual one.
Hmm, are you guys sure that there is such a strict distinction between the two?
I was aware that your usual one-man-address starts with 1 and your usual
multisig address with 3. But to my knowledge a 3-address can also be a regular
onesig address, although an unusual one.
I was aware that your usual one-man-address starts with 1 and your usual
multisig address with 3. But to my knowledge a 3-address can also be a regular
onesig address, although an unusual one.
...
ranochigo, pedrog, and cheekychap
Thank you, one can learn something every day!
* * *
What about posting "interesting looking" addresses? Is that considered "Bad Form" (publicizing someone's public key just so I can get a question answered)?
Every address is public knowledge. Associating it with an individual could be considered poor form. ranochigo, pedrog, and cheekychap
Thank you, one can learn something every day!
* * *
What about posting "interesting looking" addresses? Is that considered "Bad Form" (publicizing someone's public key just so I can get a question answered)?
...
ranochigo, pedrog, and cheekychap
Thank you, one can learn something every day!
* * *
What about posting "interesting looking" addresses? Is that considered "Bad Form" (publicizing someone's public key just so I can get a question answered)?
ranochigo, pedrog, and cheekychap
Thank you, one can learn something every day!
* * *
What about posting "interesting looking" addresses? Is that considered "Bad Form" (publicizing someone's public key just so I can get a question answered)?
Like others said its a multisig address .Other addresses start with 1.
I saw it the first time, I signed up for Bit-x. Thought they had it that ways somehow.
I saw it the first time, I signed up for Bit-x. Thought they had it that ways somehow.
Multi-signature addresses
Addresses can be created that require a combination of multiple private keys. Since these take advantage of newer features, they begin with the newer prefix of 3 instead of the older 1. These can be thought of as the equivalent of writing a check to two parties - "pay to the order of somebody AND somebody else" - where both parties must endorse the check in order to receive the funds.
The actual requirement (number of private keys needed, their corresponding public keys, etc.) that must be satisfied to spend the funds is decided in advance by the person generating this type of address, and once an address is created, the requirement cannot be changed without generating a new address.
https://en.bitcoin.it/wiki/Address#Multi-signature_addresses
Addresses can be created that require a combination of multiple private keys. Since these take advantage of newer features, they begin with the newer prefix of 3 instead of the older 1. These can be thought of as the equivalent of writing a check to two parties - "pay to the order of somebody AND somebody else" - where both parties must endorse the check in order to receive the funds.
The actual requirement (number of private keys needed, their corresponding public keys, etc.) that must be satisfied to spend the funds is decided in advance by the person generating this type of address, and once an address is created, the requirement cannot be changed without generating a new address.
https://en.bitcoin.it/wiki/Address#Multi-signature_addresses
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