Waste of bitcoin addresses - page 2.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: dragospirvu75 on June 05, 2022, 04:13:57 AM

Guys, isn't creating a new address for every new transaction a huge waste of addresses? I know there are a lot of them and maybe we won't use them all and there's that thing of 'privacy', but common, every time I receive a payment (android bitcoin wallet) a new address is created and it really annoys me a lot to use an address for 1-3$ and then be wasted forever.

You can generate billions, maybe even trillions of addresses in your wallet for free. Each seed is has this potencial. And all those addresses have a mathematical relationship between them.

Making a few dozens won't Hurt.

From mastering bitcoin:

Quote

The HD wallet tree structure offers tremendous flexibility. Each parent extended key can have 4 billion children: 2 billion normal children and 2 billion hardened children. Each of those children can have another 4 billion children, and so on. The tree can be as deep as you want, with an infinite number of generations.

https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch05.asciidoc#navigating-the-hd-wallet-tree-structure

hosseinimr93

legendary

Activity: 2380

Merit: 5213

Quote from: dragospirvu75 on June 05, 2022, 04:13:57 AM

I know there are a lot of them and maybe we won't use them all

It seems that you don't know how addresses are generated.
It's not that there's a big list of addresses and every time you generate a new address, you pick one from the list.

If you worry about generating an address that has already been generated by someone else, note that in theory it can happen at any time. In practice, it will never happen.

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

You can't possibly 'waste' addresses. You can re-use them if you want to, though there really isn't a need or a very good reason to.

It is for a fact that we cannot possibly exhaust them no matter how many you use. There are people generating millions and millions of addresses to generate vanity addresses anyways, they still won't finish the entire key space. If the world manages to exhaust the keyspace (or even just generate 2^80 addresses), then we would have a security issue and that is not happening.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: dragospirvu75 on June 05, 2022, 04:13:57 AM

but common, every time I receive a payment (android bitcoin wallet) a new address is created and it really annoys me a lot to use an address for 1-3$ and then be wasted forever.

What do you mean "be wasted forever"? You can spend outputs regardless of the number of your addresses. It doesn't matter if they're of low value, as long as they aren't dust. Also, having different addresses doesn't have to do with this; spending from an address that's constantly reused only harms your privacy and comes with no benefits than generating a new one each time.

For small amounts, utilize the Lightning Network.

dragospirvu75

jr. member

Activity: 45

Merit: 18

Guys, isn't creating a new address for every new transaction a huge waste of addresses? I know there are a lot of them and maybe we won't use them all and there's that thing of 'privacy', but common, every time I receive a payment (android bitcoin wallet) a new address is created and it really annoys me a lot to use an address for 1-3$ and then be wasted forever.

Topic: Waste of bitcoin addresses - page 2. (Read 383 times)