What Is the Purpose of Hashing the Public Key to Create an Address?
Hashing the public key to create a Bitcoin address serves several purposes. Firstly, it shortens the key, making the address more manageable and easier to share.
Secondly, the hashing process introduces an additional layer of security, as the public key is not revealed until the funds are spent. Finally, the resulting hash is used in conjunction with a checksum to create the final address, which helps detect typing errors.