Utilization of Eth addresses. | Bitcointalksearch.org

deepcryptomine

full member

Activity: 392

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Quote from: Shova on July 09, 2018, 12:06:58 AM

Ether address are not going to run out by using.
There are 115,792,089,237,316,195,423,570,985,008,687,907,853,269,984,665,640,564,039,457,584,007,913,129,
639,936 possible ethereum address.
Even if you create Trillions of address every nanoseconds, it would take eternity to run out.

Where did you get that number from? I thought it was 2^160 which equates to around 1.4615016e+48 addresses.

But yes you are not going to run out of the address space (unlike IPv4) and it is recommended to create a new address for each transaction.

duchaitp

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Quote from: udana123 on July 05, 2018, 11:43:41 AM

As I noticed, when we use exchanges to sell our tokens, usually the exchange itself creates a new erc20 wallet for every person who joins. Therefore if a person have 2 different tokens to be sold and if those tokens are listed in 20 different exchanges, that person needs to handle or keep details about all of those 20 different wallets. This is a very difficult task for him and most of the time that address is not used once that person sold the tokens. So in other hand its a waste of address space. Is there any way to utilize this problem or already does such a process is running?

You were too anxious. With the exchanges you just keep your account information, do not bother with the wallet address. Also the number of wallet addresses is very much so there is nothing to waste.

Shova

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Ether address are not going to run out by using.
There are 115,792,089,237,316,195,423,570,985,008,687,907,853,269,984,665,640,564,039,457,584,007,913,129,
639,936 possible ethereum address.
Even if you create Trillions of address every nanoseconds, it would take eternity to run out.

coyote50

full member

Activity: 336

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Quote from: udana123 on July 05, 2018, 11:43:41 AM

As I noticed, when we use exchanges to sell our tokens, usually the exchange itself creates a new erc20 wallet for every person who joins. Therefore if a person have 2 different tokens to be sold and if those tokens are listed in 20 different exchanges, that person needs to handle or keep details about all of those 20 different wallets. This is a very difficult task for him and most of the time that address is not used once that person sold the tokens. So in other hand its a waste of address space. Is there any way to utilize this problem or already does such a process is running?

there is no point in the user keeping track of those since they don't control the private key anyways

HerbertMarcel

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There is no waste of address space. You need to make new addresses for each transaction for security purpose. Hope this helps.

Gab20

jr. member

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That is more reason it is advisable that you do not save wallet addresses given by exchanges, but that for every transaction, try as much as possible to get the address directly from the exchange afresh, even if it does not change.

sister1001

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The waste of address space is not a problem at all, and the exchange wallets are controlled by the exchanges so I don´t think there is any problem to solve here.

sufiasyl

newbie

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Peoples are using ethereum because this site is a profitable site. For using ethereum investor also need wallet for security. Investors are only knows the password. That’s why don’t share with others.

jonalva

newbie

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Actually I do not think that this is wastage. The wallets to which the clients send their tokens when they send them to the trades are not under the clients control but rather under the trade’s control. Clients just deal with their usernames as well as the passwords. New space for storing new tokens is expected.

bartolo

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Quote from: udana123 on July 05, 2018, 11:43:41 AM

As I noticed, when we use exchanges to sell our tokens, usually the exchange itself creates a new erc20 wallet for every person who joins. Therefore if a person have 2 different tokens to be sold and if those tokens are listed in 20 different exchanges, that person needs to handle or keep details about all of those 20 different wallets. This is a very difficult task for him and most of the time that address is not used once that person sold the tokens. So in other hand its a waste of address space. Is there any way to utilize this problem or already does such a process is running?

The wallets to which the users send their tokens when they send them to the exchanges are not under the users control but under the exchanges control. Users only manage their usernames and passwords.

Yudhisthir

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Quote from: udana123 on July 05, 2018, 11:43:41 AM

As I noticed, when we use exchanges to sell our tokens, usually the exchange itself creates a new erc20 wallet for every person who joins. Therefore if a person have 2 different tokens to be sold and if those tokens are listed in 20 different exchanges, that person needs to handle or keep details about all of those 20 different wallets. This is a very difficult task for him and most of the time that address is not used once that person sold the tokens. So in other hand its a waste of address space. Is there any way to utilize this problem or already does such a process is running?

Firstly there is nothing as waste of address space.
And it's advisable to use new address for every new transactions.
If you are a user of a token in specific exchange, you'll not have a problem keeping a record of them.
If you use it regularly, have them in a spreadsheet. If not, you can check them logging into the exchange everytime.

udana123

newbie

Activity: 196

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As I noticed, when we use exchanges to sell our tokens, usually the exchange itself creates a new erc20 wallet for every person who joins. Therefore if a person have 2 different tokens to be sold and if those tokens are listed in 20 different exchanges, that person needs to handle or keep details about all of those 20 different wallets. This is a very difficult task for him and most of the time that address is not used once that person sold the tokens. So in other hand its a waste of address space. Is there any way to utilize this problem or already does such a process is running?

Topic: Utilization of Eth addresses. (Read 156 times)