Paste the $DOGE address into a wallet, and if even one character is missing or a space slips in, most wallets will simply respond that the address is invalid. The transaction won't even make it to the broadcast step.
The reason lies in the encoding. An address is made up of three parts: a version byte, a payload, and a 4-byte checksum at the end. When a wallet receives an address, it recalculates the checksum from the first two parts and rejects the address if they don't match.
The version byte for an ordinary mainnet receiving address is 30, and the encoded address often starts with D. Addresses that start with 9 or A correspond to a different version byte; the two formats cannot be mixed.
This mechanism protects against typos. If the entire string is replaced with another address in a completely valid format, the checksum will still check out, and the wallet will accept it.
#Dogecoin #Blockchain $DOGE
Crypto assets are volatile, and investing involves risk.
The reason lies in the encoding. An address is made up of three parts: a version byte, a payload, and a 4-byte checksum at the end. When a wallet receives an address, it recalculates the checksum from the first two parts and rejects the address if they don't match.
The version byte for an ordinary mainnet receiving address is 30, and the encoded address often starts with D. Addresses that start with 9 or A correspond to a different version byte; the two formats cannot be mixed.
This mechanism protects against typos. If the entire string is replaced with another address in a completely valid format, the checksum will still check out, and the wallet will accept it.
#Dogecoin #Blockchain $DOGE
Crypto assets are volatile, and investing involves risk.