What are the wallet address formats used by NEAR?

Kruse EllegaardApr 03, 2022 · 3 years ago3 answers

Can you please explain the different wallet address formats used by NEAR in detail? I want to understand how they work and how they are different from each other.

NEAR

Wallet Address Formats

Cryptocurrency

3 answers

Apr 03, 2022 · 3 years ago
Sure! NEAR, a decentralized platform, uses two different wallet address formats: the full-access key and the contract-only key. The full-access key is used for general transactions and allows users to interact with the NEAR blockchain. It starts with 'ed25519' and is followed by a series of characters. On the other hand, the contract-only key is used for smart contract interactions and starts with 'ed25519:'. Both formats are based on the Ed25519 elliptic curve algorithm, ensuring secure transactions.
Apr 03, 2022 · 3 years ago
NEAR has two wallet address formats: the full-access key and the contract-only key. The full-access key is used for regular transactions and provides full access to the NEAR blockchain. It starts with 'ed25519' and is followed by a series of characters. The contract-only key, on the other hand, is used for smart contract interactions and starts with 'ed25519:'. These formats ensure that NEAR users can securely transact and interact with the blockchain.
Apr 03, 2022 · 3 years ago
NEAR utilizes two different wallet address formats: the full-access key and the contract-only key. The full-access key is used for general transactions and starts with 'ed25519', followed by a series of characters. It allows users to interact with the NEAR blockchain and perform various operations. On the other hand, the contract-only key, starting with 'ed25519:', is specifically used for smart contract interactions. These address formats ensure secure and efficient transactions on the NEAR platform.