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Author Topic: Would it be possible to develop crypto address validation technology?  (Read 277 times)
Sadlife
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August 27, 2020, 11:59:58 PM
 #21

Well Cryptocurrency is still a Beta Technology and lots of features are still missing because some of it are pretty hard to do, especially if those Crypto Tokens use different ecosystem and doesn't have static prefix at the end of their characters. I believe this is purposely structured that way, so trackers could have a very hard time locating what your doing with your Cryptocurrency.

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dansus021
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August 28, 2020, 02:09:47 AM
 #22

Thousands of coins worth $$$$ had been lost due this kind of user's mistake at least software/wallet developers build for somewhat user friendly that will help to avoid this if possible.

yes, even my self its happen like 2-3 times  Grin Grin because the address of coin hard to remember


and i think is possible in near future and maybe right now the coin need to be implemented new unique alias to make people easy remember it.

and yes there bunch coin out there that using same address like ERC 20 and other coin start with 0x

maybe add "Thenameofcoin" at the first of address can be the option right now for developer of the coin but its really hard right now with bunch of altcoin right there

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pooya87
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August 28, 2020, 04:01:27 AM
 #23

maybe add "Thenameofcoin" at the first of address can be the option right now for developer of the coin but its really hard right now with bunch of altcoin right there

this is exactly what the new bitcoin address encoding known as bech32 introduced. there is a human readable part at the beginning of each address (yo see it as "bc" for bitcoin mainnet addresses followed by '1' or the separator) where any shitcoin that copies bitcoin can also use with its own name.
currently a couple of these copy shitcoins are using this encoding. for example bcash is using the "bitcoincash" hrp for its addresses.

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Shasha80
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August 28, 2020, 05:41:37 AM
 #24

Of course, crypto address validation technology can be developed, so our mistakes in entering address coins can be avoided.
But until now I haven't found any exchanges or wallets that use crypto address validation technology. So I still do it manually,
before I process I will check again, usually 2x-3x the address coins are correct or not. That way I have been using cryptocurrency
for 3 years, never entering the wrong address for the coins to be sent or received.

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August 30, 2020, 09:23:31 AM
 #25

There has been a lot of issues like this; people do report that they mistakenly sent crypto to the wrong address. I understand how it feels, even when I’m sending cryptocurrency to people I do have that same fear of sending to the wrong address, and I’m always very careful and I double-check the address I have copied to make sure that it is right.

Even when I’m the one receiving cryptocurrency, when I am about to copy my address from my wallet, I check to be very sure that the cryptocurrency address I’m about to copy is accurate; if it’s Bitcoin I am about to receive, I check to see whether I am copying from the Bitcoin wallet. And this can be worst when you’re completely tired lol. But I have never had the experience of sending to the wrong address.
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August 30, 2020, 09:28:36 AM
 #26

Of course, crypto address validation technology can be developed, so our mistakes in entering address coins can be avoided.
But until now I haven't found any exchanges or wallets that use crypto address validation technology. So I still do it manually,
before I process I will check again, usually 2x-3x the address coins are correct or not. That way I have been using cryptocurrency
for 3 years, never entering the wrong address for the coins to be sent or received.

People are just too much careless when sending any bitcoin to any address. Yes, they carefully look at the sending amount so that they don't mistakenly place an less or extro zero while writing the amount in satoshi, but don't give a look at the address which is being copy pasted in the to field. Sometimes the malware in the PC can change the destination address to the one which belongs to the scammer and we never know about it. It is always recommended to check letter by letter the destination address.

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September 01, 2020, 12:44:53 AM
 #27

Well Cryptocurrency is still a Beta Technology and lots of features are still missing because some of it are pretty hard to do, especially if those Crypto Tokens use different ecosystem and doesn't have static prefix at the end of their characters. I believe this is purposely structured that way, so trackers could have a very hard time locating what your doing with your Cryptocurrency.

This makes sense. Like one of the pros of having such good cryptography brings the con of it being hard to develop coin ID technology based on an address. I hope in time something can be developed though. Not only is it prone to human error, but it's also time consuming to be manually checking addresses if you're frequently sending crypto.
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September 01, 2020, 12:54:32 AM
 #28

The address problems you had are purely a result of *extraordinary* incompetence (and sometimes malice) by the developers of altcoins and tokens. -- Malice in the case of coins which have fraudulently claimed to be bitcoin.

Bitcoin addresses already have extremely strong built in validation (even stronger in BC1 addresses), unfortunately various shitty clones and tokens did such a small amount of development that they just literally copy and pasted Bitcoin's addresses.

Because they copy and pasted from Bitcoin their addresses will obviously count as valid in Bitcoin and vice versa.  The only technology that can cure gross incompetence is the one we're using now:  A web forum where well informed people can urge you to steer clear of garbage so ineptly constructed that it can't even bother to get not shoot itself in the foot trough copy and paste.

You can improve your situation somewhat if you always use BC1 addresses for Bitcoin: So far I'm not aware of anyone dangerously copy and pasting it, and we particularly stuck the human visible "BC" at the beginning-- at a cost of a bit more typing-- to try to make it less likely that things will just copy it unmodified. But this is no guarantee and there is essentially no floor on how incompetent or unethical token pumpers can be, so you can expect eventually they'll copy the BC prefix too.
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