Cryptocurrency Q&A
What is a legacy Bitcoin address?
What is a legacy Bitcoin address?
CryptoGladiator
Thu Dec 26 2024
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6 answers
1044
I've been hearing about Bitcoin for a while and recently decided to get more involved. However, I came across the term 'legacy Bitcoin address' and I'm not sure what it means. Can someone explain what a legacy Bitcoin address is?
6 answers
KatanaSword
Sat Dec 28 2024
During the initial phase of Bitcoin's existence, legacy addresses were widely adopted.
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Carolina
Sat Dec 28 2024
These addresses are generated by taking a hash160 of the public key.
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CryptoWizard
Sat Dec 28 2024
Subsequently, the hash undergoes base58 encoding.
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BlockchainLegend
Sat Dec 28 2024
During the encoding process, a version prefix and checksum are also included.
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Eleonora
Fri Dec 27 2024
The final result is a 20-byte public key hash.
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