What's the Difference Between Active Crypto Addresses?
Adekunle Joshua
Addresses are key pillars of the crypto market, unique identifiers for wallets where coins can be sent. Just like mailing addresses or phone numbers
Active, new, and dormant are the main states of crypto wallets
Active addresses have a transaction history, indicating recent engagement in transactions. On the other hand, new addresses are linked to recently created wallets
The number of active addresses in a blockchain indicates how active users are in that network. Verified transactions are essential for designating an address as active
Key differences between active and new addresses: Active can expire, new cannot. A user can have multiple new addresses, but only one active address
Active addresses may or may not contain cryptocurrencies, while new addresses never do
Knowing the number of active and new addresses helps gauge a network's health and user adoption