Wallet Addresses

Definition ∞ Wallet addresses are unique alphanumeric identifiers on a blockchain that represent a destination for sending or receiving digital assets. Each address is derived from a public key and functions similarly to a bank account number for cryptocurrencies. Users manage their digital assets through these addresses, which are secured by corresponding private keys. They are fundamental to engaging with blockchain networks.
Context ∞ Crypto news often references wallet addresses in analyses of on-chain activity, tracking the movement of funds between different entities. Monitoring the number of active wallet addresses can serve as an indicator of network adoption and user growth. Security breaches related to wallet addresses, such as phishing scams, are frequently reported, highlighting the importance of proper key management.