Bitcoin Forum
August 21, 2019, 06:29:09 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2017-05-15]Segregated Witness Dev Suggested a New Format for Bitcoin Addresses  (Read 4159 times)
Vialaia
Sr. Member
****
Offline Offline

Activity: 460
Merit: 250


View Profile
May 15, 2017, 01:20:09 PM
 #1

Bitcoin Core developer Pieter Wuille and CTO Blockstream Gregory Maxwell revealed details of a new project aimed at solving one of the most painful issues of the Bitcoin ecosystem.

Bitcoin users, if they did not face it personally, have probably heard stories about someone loses private keys, accidentally sends coins to the wrong address or allows some other unfortunate mistakes. Most often, this problem becomes a long address, consisting of a combination of letters and numbers - you can not call them simple to remember.

The project Bech32 developing by Wuille and Maxwell, that is the problem and trying to solve, making the bitcoin addresses are not only more friendly to users but also providing them with properties such as the ability to recognize a mistake when when character set...

Read more https://bit.news/eng/segregated-witness-dev-suggested-new-format-bitcoin-addresses/
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1566368949
Hero Member
*
Offline Offline

Posts: 1566368949

View Profile Personal Message (Offline)

Ignore
1566368949
Reply with quote  #2

1566368949
Report to moderator
1566368949
Hero Member
*
Offline Offline

Posts: 1566368949

View Profile Personal Message (Offline)

Ignore
1566368949
Reply with quote  #2

1566368949
Report to moderator
1566368949
Hero Member
*
Offline Offline

Posts: 1566368949

View Profile Personal Message (Offline)

Ignore
1566368949
Reply with quote  #2

1566368949
Report to moderator
Carlton Banks
Legendary
*
Offline Offline

Activity: 2464
Merit: 1835



View Profile
May 15, 2017, 01:30:00 PM
 #2

This essentially gets rid of mixed case letters in Bitcoin addresses, so mistakes are not so likely, e.g.

1wetyuorweyuddgh4woq7ewehjsaiq

instead of

1weTyuOrweyUddgh4woq7ewEHJsaiq


...like addresses are now. Although my example is oversimplified, I think the addresses may be a few characters longer than the current scheme, IIRC. And the beginning of each address will start "bc" I think, so maybe it would be something like this in Bech32:


bcwetyuorweyuddgh4woq7ewehjsaiq

Vires in numeris
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!