What Is A Blockchain Address? Datarella Blockchain Bites #2

Philipp Kothe

22 September 2020

What Is A Blockchain Address?

Just like your home address, bank address, or email address a blockchain address is a unique and secure identifier. This identifier, saved on a blockchain, can be used for sending and receiving cryptocurrencies. However, in contrast to traditional addresses, blockchain addresses are not assigned by centralized authorities. These addresses are mathematically derived from a user-generated private key.

Learn more about blockchain addresses and the two types, which exits in the Ethereum Network, in our Datarella Blockchain Bites slideshow of this week: Blockchain Addresses.