Don’t lose your precious ETH to a typo! Understand Ethereum address checksums and how they safeguard your transactions from costly mistakes.
To identify possible mistakes made during data entry or transmission, a checksum is a small piece of data extracted from the original data.
It acts as a distinct fingerprint for data, making it possible to quickly confirm its integrity. Checksums offer a means of confirming that data has been sent or entered precisely, much like the error-correcting codes used in barcodes to ensure accurate scanning.
