common-close-0
BYDFi
Trade wherever you are!

What are the differences between a bitcoin cash address and a bitcoin address?

avatarTeodor PetrovDec 17, 2021 · 3 years ago1 answers

Can you explain the key distinctions between a bitcoin cash address and a bitcoin address? What makes them different from each other?

What are the differences between a bitcoin cash address and a bitcoin address?
Bitcoin
Bitcoin Cash
Cryptocurrency

1 answers

  • avatarDec 17, 2021 · 3 years ago
    When it comes to bitcoin cash addresses and bitcoin addresses, the main difference is the underlying blockchain network they belong to. Bitcoin cash addresses are associated with the bitcoin cash blockchain, while bitcoin addresses are associated with the original bitcoin blockchain. This means that if you send bitcoin cash to a bitcoin address, the transaction will not be recognized on the bitcoin network, and vice versa. It's crucial to use the correct address format to ensure that your transactions are successful and your funds are securely transferred.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions