Antonopoulos Expatiates The Relationship Between Bitcoin Wallets And Multiple Addresses

The high success rate of cryptocurrencies, together with the increasing adoption the crypto industry is experiencing, has made many people, both holders of digital assets and non-holders alike, to research deeper about the industry in order to gain a greater depth of knowledge about its operations.

As a result, many crypto proponents have volunteered their time and resources to enlighten those hungry for more knowledge about certain aspects of transactions and one such personality is Andreas Antonopoulos who has taken the lead to shed light on the correlation between addresses and wallets.

Can One Wallet Have Multiple Wallet Addresses?

Some users have expressed doubt about the possibility of multiple wallet addresses belonging to the same wallet and in search of a suitable answer, they decided to table the question before Antonopoulos. The author of Mastering Bitcoin did justice to the question in his latest video.

A good example of addresses taking the center stage can be seen in the current drama starring Craig Wright who claims to be Satoshi Nakamoto. A higher percentage of crypto users believe that the solution to settling the debate of who the creator of Bitcoin is once and for all lies in finding an easier way to connect transactions and wallets addresses together.

In the video, Antonopoulos explained that if at all wallet addresses were properly generated, then the addresses originate from a ‘hardened child address’. He further said that derivation from a hardened child was indeed the standard way for wallets to produce addresses. The popular author added that it would be impossible to conclude that multiple addresses were actually connected to the same wallet if the seed was nowhere to be found.

CoinJoin Records Massive Increase In Transaction Rate

The impressive feats of CoinJoin were too good for Andreas Antonopoulos to ignore. CoinJoin has become a hot topic in the crypto space because of its success. CoinJoin’s USP provides a very important service to Bitcoin which is to provide privacy to the digital asset now that privacy-centric altcoins are in vogue.

The popularity of the technique grew fast within the industry and continues to grow, so much that every month its transaction rate increases, an occurrence that has been going on since January 2019.

Though CoinJoin’s achievements have been impressive, Antonopoulos is of the opinion that it is lacking in the ability to de-anonymize payments with statistical analysis. Notwithstanding, he accepted that CoinJoin has been doing a good job at providing privacy to the world’s largest digital asset.