Ethereum: What are the green addresses? Guide to resolving the delay of confirmation
As the second largest currency of market capitalization, Ethereum was a pioneer in the field of blockchain technology. One of his innovative features is the concept of green addresses, which revolutionized the way we think about the transactions on the Ethereum network. In this article, we will explore in what the Green addresses are, as their potential to solve the long -term problem of "delays".
What are the green addresses?
In the decentralized book of Ethereum, also known as Blockchain, each transaction is presented with a unique address. These addresses can be considered digital keys that allow users to send and receive funds online. The main difference between traditional addresses and green addresses lies in their structure and functionality.
Traditional addresses:
Traditional etherum addresses are usually written in a specific format, consisting of four characters (eg, 0x1234567890ABCDEFGHIJKLMNOPQRSTWXYZ). These addresses serve as identifiers for each user Ethereum and are used to store their private keys. Although appropriate, traditional addresses have certain restrictions.
Green addresses:
Green Address, on the other hand, are a new concept introduced by Ethereum 2.0, the main upgrade that aims to improve the scalability, safety and usability of the network. Green addresses are presented with different format, consisting of six characters (eg, 0x1234567890ABCDEFGHIJKLMNOVWXYZ). This new structure is designed to reduce gas fees and a transaction speed increase.
How do green addresses work?
The green address system uses a combination of cryptographic techniques, including the Sha-3 hash function and the algorithm of the prepared hashing. When the user wants to send funds to the Ethereum, their transaction is broadcast on the network, where the knots check it using green addresses as an identifier.
To confirm the transaction, the nodes calculate the unique "hash" for each green address, which is then used for the reconstruction of the original transaction data. This procedure includes several steps:
Data Settlement: The sender's wallet draws its private key and uses it to generate a unique hash.
Transactions formatting: The extracted data is formatted into the transaction object.
Hash budget: A custom algorithm for Hashing generates hash for each green address in the transaction.
Delay of Confirmation:
One of the main benefits of green addresses is that they reduce gas fees and increase the speed of transaction, which can lead to faster time of confirmation on the Ethereum network. This improvement has significant consequences for users, especially those who often carry out transactions on the platform.
Disadvantages Green Address
Although green addresses have many advantages, there are some disadvantages that need to be considered:
Increased complexity:
New format and cryptographic techniques used at green addresses require additional expertise and computer resources.
Safety risks: Like any other blockchain -based system, green addresses are not immune to security threats. Users must take steps to ensure their private keys and wallets.
Conclusion
In conclusion, Ethereum's green address system represents a significant evolution of traditional transactions format. By reducing gas fees and increasing the speed of transaction, green addresses can revolutionize the way we consider transactions on the Ethereum network. However, users are crucial to understand the basic mechanics and take steps to ensure their private keys and banknotes.
While Ethereum continues to upgrade and improve its technology, it is fascinating to see how green addresses develop in response to user needs and technological progress.