Cryptocurrency Q&A
What is a zero address in crypto?
What is a zero address in crypto?
Sara
Mon Nov 04 2024
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7
answers
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I'm trying to understand the concept of a zero address in the context of cryptocurrency. Could someone explain what it is and how it's used in the crypto world?
7 answers
Luca
Wed Nov 06 2024
The Zero Address represents a unique entity within the realm of digital currencies.
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GinsengBoostPowerBoost
Wed Nov 06 2024
It possesses a distinctive feature: it holds no balance, rendering it inactive for financial transactions.
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Michele
Wed Nov 06 2024
This address cannot facilitate the sending or receiving of funds, limiting its utility to non-transactional purposes.
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Stefano
Wed Nov 06 2024
In the Ethereum blockchain, the Zero Address serves a couple of specific roles.
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Tommaso
Tue Nov 05 2024
One of its applications is in the creation of new contracts. When a developer initiates a new smart contract, the Zero Address plays a pivotal role.
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