Understanding the public address of Ethereum’s public address in new events
As a beginner of understanding blockchain technology, you may know the concept of UTEXOS (unused events) and how they are used to represent events on the Ethereum network. An aspect of creating new events, which can be confused, is the way Ethereum recognizes that belong to Utxos.
In this article, we will consider special information about how the Ethereum and Blockchain wallet recognize Utxos’s public addresses in new events.
What are the public addresses?
The public address is an individual string attributed to a person or organization in the Ethereum network. It acts as labels for the output of the event and allows a perfect interaction between the parties on the network. The best known example of the public address is the prefix “0x” followed by the hexadecimal sequence (for example, 0x1234567890ABCDEF).
Utxos in new events
By creating a new event, the Ethereum wallet produces a group of UTXO from scratch. These UTXOs represent the funds or values used at the event.
How does Ethereum acknowledge that he belongs to whose public address? Here things become interesting.
The role of the main book
Ethereum Blockchain records all events in a hierarchical (and constant growth) database called “Ledger”. Ledger includes the whole event ever happened online. In this main book, each UTXO has a unique label – known for “hash”.
By creating a new event, the Ethereum wallet uses Utxo Hash to produce a public address. This is done using the “hash generation” process, where the wallet combines a public key (encryption secret) and hash utxo with other information.
Lock command kit
The lock command series is another important component in creating a new event. It is a complex code that defines how funds are used at the event. The blocking command series usually contains a series of operations, such as a certain number of disassembled currencies from a account or by transferring them to a new wallet.
In Ethereum, the blocking command set is used to identify what is the public address, to which Utxo: Hon. By combining the UTXO hash lock command series, the Ethereum wallet can create a unique “address mapping” between each UTXO and the appropriate public address.
Summary
In summary, when the new event creates an Ethereum network, the wallet produces a number of UTXO from scratch. To identify from what UTXO belongs to which the public address, the Ethereum wallet uses a combination of hash generation, script and mapping address built in the main letter. By using these mechanisms, Ethereum ensures that each UTXO has a unique public address associated with it, which allows perfect interactions between the parties.
This article offers a comprehensive idea of how the Ethereum wallet recognizes UTEX’s public addresses in new events. As you continue to explore blockchain technology and your developer skills, these knowledge is undoubtedly valuable to navigate to a complex world of cryptocurrencies and intelligent contracts.
