How is the wallet address created?

• Having a private ECDSA key

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• Take the corresponding public key generated with it (33 bytes, 1 byte 0x02 (y-coord is even), and 32 bytes corresponding to X coordinate)

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• Perform SHA-256 hashing on the public key

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• Perform RIPEMD-160 hashing on the result of SHA-256

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• Add version byte in front of RIPEMD-160 hash (0x00 for Main Network)

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• Perform SHA-256 hash on the extended RIPEMD-160 result

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• Perform SHA-256 hash on the result of the previous SHA-256 hash

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• Take the first 4 bytes of the second SHA-256 hash. This is the address checksum

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• Add the 4 checksum bytes from stage 7 at the end of extended RIPEMD-160 hash from stage 4. This is the 25-byte binary wallet Address.

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• Convert the result from a byte string into a base58 string using Base58Check encoding.

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