Is the Base58Check Algorithm Used in Ethereum Addresses?
No, Ethereum does not use Base58Check encoding for its main wallet addresses. Ethereum addresses are typically represented as 40 hexadecimal characters (20 bytes) prefixed with "0x".
Ethereum uses a different method for error detection called ICAP (Inter-Exchange Client Address Protocol) or a simple mixed-case checksum for address integrity, which is more compact than Base58Check.
Glossar
Base58Check Encoding
Derivation ⎊ Base58Check Encoding represents a method for translating binary data into a base-58 representation, incorporating a checksum to enhance error detection during transmission or storage within cryptocurrency systems and financial derivatives.
Ethereum Addresses
Format ⎊ Ethereum Addresses are 40-character hexadecimal strings, typically prefixed with '0x', representing the last 20 bytes of the Keccak-256 hash of a public key or contract creation data.
Base58Check Algorithm
Algorithm ⎊ The Base58Check Algorithm is a cryptographic encoding scheme widely utilized in legacy cryptocurrency protocols, such as Bitcoin, to convert raw public key hashes into human-readable, alphanumeric wallet addresses.