I'm trying to understand the concept of a wallet ID. Could someone please explain what it is and its purpose in simple terms? I'm new to this and need clarification.
            
            
            
            
            
            
           
          
          
            6 answers
            
            
  
    
    mia_harrison_painter
    Fri Nov 29 2024
   
  
    A Wallet ID serves as a distinctive numeral assigned to an individual wallet.
  
  
 
            
            
  
    
    Caterina
    Fri Nov 29 2024
   
  
    Users can utilize this address to receive digital coins or tokens into their wallet.
  
  
 
            
            
  
    
    Silvia
    Fri Nov 29 2024
   
  
    This ID is unique and helps in identifying the wallet among the millions present on the blockchain network.
  
  
 
            
            
  
    
    Daniela
    Fri Nov 29 2024
   
  
    Importantly, the wallet owner possesses the authority to generate a new address whenever needed.
  
  
 
            
            
  
    
    DondaejiDelightfulCharmingSmile
    Fri Nov 29 2024
   
  
    On the other hand, a wallet address is a sequence of characters that is randomly created.