common-close-0
BYDFi
Trade wherever you are!

What is the format of an XLM address?

avatarPuggaard CooleyDec 26, 2021 · 3 years ago3 answers

Can you explain the format of an XLM address in detail? How is it different from other cryptocurrency addresses?

What is the format of an XLM address?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    An XLM address is a unique identifier used to send and receive Stellar Lumens (XLM) cryptocurrency. It consists of a string of alphanumeric characters, typically starting with the letter 'G'. The address is encoded using the Base32 encoding scheme, which allows for easy representation and error detection. Unlike some other cryptocurrency addresses, XLM addresses do not have a fixed length and can vary in size. This flexibility allows for future protocol upgrades and additional features to be added without requiring changes to the address format.
  • avatarDec 26, 2021 · 3 years ago
    The format of an XLM address is similar to other cryptocurrency addresses, such as Bitcoin or Ethereum. It is a combination of letters and numbers that uniquely identifies a user's wallet. However, there are some key differences. XLM addresses start with the letter 'G', while Bitcoin addresses start with '1' or '3', and Ethereum addresses start with '0x'. Additionally, XLM addresses do not have a fixed length, unlike Bitcoin addresses which are always 34 characters long. This flexibility in address length allows for easier integration with different services and protocols.
  • avatarDec 26, 2021 · 3 years ago
    XLM addresses follow a specific format that distinguishes them from other cryptocurrency addresses. They start with the letter 'G' followed by a combination of alphanumeric characters. The length of an XLM address can vary, but it is typically around 56 characters long. It's important to note that XLM addresses are case-sensitive, so even a small change in letter casing can result in an invalid address. When sending XLM to an address, always double-check the address and ensure it matches exactly to avoid any loss of funds. If you're using BYDFi, the platform will automatically validate the address format for you to minimize the risk of errors.