Similar as an address in reality, or a website, an address on the blockchain connects with the string of text given to distinguish a specific place or client. All the more explicitly the string of message assigns the location of a specific wallet on the blockchain, that can be utilized to send or receive digital assets from.
All blockchains have wallet addresses in some form, and most appear as a long string of letters and numbers in a line of text that is challenging for a human to decipher however effortlessly comprehended by a computer network.
For instance, a Bitcoin address will look something like the accompanying:
Furthermore, an address on the Ethereum network could seem to be the accompanying:
Given the public idea of most blockchains, it is feasible to perceive how much, and which type, of digital assets most wallets contain - however this isn't true for private blockchains or security centered digital currencies like Monero.
Most cryptocurrency addresses on a blockchain network are genuinely anonymous as no personally identifiable information is required while setting up another wallet address on the blockchain. In any case, they are not totally anonymous and a few addresses are publicly known to be tied to individuals or institutions.
For example, Vitalik Buterin has realized Ethereum addresses that are publicly known. There are likewise Bitcoin addresses with large measures of BTC that are known to belong to Satoshi Nakamoto.
Public blockchains are defenseless to being followed by anybody, and there are numerous software and devices that are utilized to monitor cryptocurrency wallets, tracking the in and out flow of digital asses.