54 Alternate coins max?

[infoporter]

Each cryptocurrency address has a specific leading character, ex. 1 for Bitcoin. Does that mean that there can only ever be 54 alternative cryptocurrencies created?

I based this on the fact that O, 0, I, l cannot be used in an address. Because of that there are 46 possible unique letters and 9 unique numbers that can be used as the leading character in an address.

Can 2 coins have the same leading character and coexist?

[skyangel]

Each cryptocurrency address has a specific leading character, ex. 1 for Bitcoin. Does that mean that there can only ever be 54 alternative cryptocurrencies created?

I based this on the fact that O, 0, I, l cannot be used in an address. Because of that there are 46 possible unique letters and 9 unique numbers that can be used as the leading character in an address.

Can 2 coins have the same leading character and coexist?

Yes, the leading character doesn't matter, they are on separate networks.

[infoporter]

So there is no end in sight. 

[shakezula]

I have created 3 coins with the same leading bit for addresses, no issues found. The real problem is when you don't change the ports and the network magic numbers and the coins try to synch to each other...ala Franko and GME. It can be fixed though so its not the death of a coin.

No, I haven't shared my coins besides Doubloons, the other will never see the forum...My project coin though, well someone somewhere is mining GeoCoins...and it isn't just me...

[odolvlobo]

Each cryptocurrency address has a specific leading character, ex. 1 for Bitcoin. Does that mean that there can only ever be 54 alternative cryptocurrencies created?

I based this on the fact that O, 0, I, l cannot be used in an address. Because of that there are 46 possible unique letters and 9 unique numbers that can be used as the leading character in an address.

Can 2 coins have the same leading character and coexist?

Yes, the leading character doesn't matter, they are on separate networks.

The leading character does matter if that is the only way to distinguish between addresses of different types of coins. There was a post not too long ago by someone worried that he lost some coins accidentally sent to a TRC address through the BTC network (The coins were recovered).

It should be noted that the '1' is not simply prepended to the address. Instead it is the result of encoding the version byte value, which is 0 for normal bitcoin addresses. See https://en.bitcoin.it/wiki/Base58Check_encoding.