I'm trying to understand what an
ETH address ID is. Could someone explain it to me in simple terms? I'm new to the crypto world and want to make sure I have a good grasp of the basics.
7
answers
Stefano
Mon Feb 10 2025
It comprises a 42-character hexadecimal string, which is a sequence of numbers and letters ranging from 0-9 and a-f.
SamuraiCourageous
Mon Feb 10 2025
Ethereum wallets are crucial for interacting with decentralized applications and smart contracts on the network.
DigitalDynasty
Mon Feb 10 2025
This string is unique to each account on the
Ethereum network, functioning as its identifier.
CryptoChampion
Mon Feb 10 2025
The address starts with '0x', a prefix that signifies its hexadecimal format.
Stefano
Mon Feb 10 2025
Users can share this address with others to receive
Ethereum or ERC-20 tokens.