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Author Topic: Questions about Addresses  (Read 25 times)
Dulanjaya
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August 23, 2018, 04:23:00 PM
 #1

1) What might happen on the off chance that one endeavors to send a measure of coins to an IP address that isn't running the program?

2) What might happen on the off chance that one endeavors to send a measure of coins to an invalid Bitcoin Address?

3) What might happen on the off chance that one endeavors to send a measure of coins to a Bitcoin Address that no one claims?



I thank answerers for extending my insight.
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August 23, 2018, 04:33:41 PM
 #2

1) What might happen on the off chance that one endeavors to send a measure of coins to an IP address that isn't running the program?

2) What might happen on the off chance that one endeavors to send a measure of coins to an invalid Bitcoin Address?

3) What might happen on the off chance that one endeavors to send a measure of coins to a Bitcoin Address that no one claims?



I thank answerers for extending my insight.

1. By nature, it wouldn't happen since the outdated node wouldn't have any copy of the previous transactions that builds the chain. Once the transaction is broadcasted to the network, it will be picked up by an up-to-date node and miners will then pick it up if it suffices their terms on which transactions to pick.

2. The coins are technically lost forever, no doubt about that. There are no ifs or anything, just bitcoins helping bitcoin achieve a state of scarcity.

3. What do you mean by 'no one claims?' By default, there are 2^160 possible bitcoin addresses that can be produced, and it's quite impossible to be exhausted even within the generations to come. The scenario in which you are picturing is quite improbable to happen, and bitcoin address creation follows a certain algorithm that it's quite tricky for a person to mix and match numbers and letters to obtain an address that is yet to be generated.

EDIT: For those who are more into the technical side of bitcoin, kindly correct me if I'm wrong. Thanks!

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August 23, 2018, 04:55:23 PM
 #3

1) What might happen on the off chance that one endeavors to send a measure of coins to an IP address that isn't running the program?
2) What might happen on the off chance that one endeavors to send a measure of coins to an invalid Bitcoin Address?
3) What might happen on the off chance that one endeavors to send a measure of coins to a Bitcoin Address that no one claims?
I thank answerers for extending my insight.

1. You don't have to be online to receive bitcoins because the transaction is recorded in the blockchain and your wallet will see it when it goes online. In the past, bitcoins could be sent to an IP address, but that feature was disabled.

2. Your wallet checks the address to make sure that it is valid and won't try to send to an invalid address. Keep in mind that an unused address is still a valid address.

3. It is possible to send bitcoins to an unclaimed address. Bitcoins can be sent to any valid address. Bitcoins sent to an unclaimed address are lost forever.

By "unclaimed" or "unused", I mean an address for which nobody has the private key.

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ETFbitcoin
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August 23, 2018, 05:00:05 PM
 #4

1) What might happen on the off chance that one endeavors to send a measure of coins to an IP address that isn't running the program?

2) What might happen on the off chance that one endeavors to send a measure of coins to an invalid Bitcoin Address?

3) What might happen on the off chance that one endeavors to send a measure of coins to a Bitcoin Address that no one claims?



I thank answerers for extending my insight.

1. I don't really understand this question, but you don't need to run program (wallet/nodes in this case) to receive your coins since the transaction is recorded on blockchain and can be accessed by anyone anytime.

2. If you mean by address without right format/standard, it's impossible since it violates the protocol and nodes/miners would reject it. But most bitcoin wallet have address validation (by check total character, few first character, etc.) to prevent that, so you don't need to worry about small typo.

3. The coin would be lost forever assuming the receiving address have valid format.

P.S. if you want to extend your insight, then move this thread to Development & Technical Discussion where you can get better/detailed answer.

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Zin-Zang
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August 23, 2018, 05:04:14 PM
 #5

1) What might happen on the off chance that one endeavors to send a measure of coins to an IP address that isn't running the program?
You send coins to a bitcoin address not an ip address.  

2) What might happen on the off chance that one endeavors to send a measure of coins to an invalid Bitcoin Address?
If you don't have a private key to access the coins, then the coins are lost to you forever.


3) What might happen on the off chance that one endeavors to send a measure of coins to a Bitcoin Address that no one claims?
If you don't have a private key to access the coins, then the coins are lost to you forever.


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Leonardo7
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August 23, 2018, 05:17:03 PM
 #6

For one to receive bitcoin, IP is not needed but bitcoin wallet is needed.
For a non-valid address, there are some wallets programmed to verify addresses and reject the wrong address. One needs to be careful about this.
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