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Converting p2pkh to p2sh Addresses: A Guide
The Ethereum main blockchain consists of two types of addresses: p2pkh and p2sh. While both addresses are used for transactions, they differ in their structure and use cases. In this article, we will delve into the process of converting a p2pkh address to a p2sh address, as well as explore whether the balance of the former will transfer to the latter.
p2pkh Address Structure
A p2pkh address is represented by a hexadecimal string that starts with 0x, followed by 45 (representing the public key hash). The rest of the string consists of a sequence of characters, with each character representing a byte. In general, this format looks like this:
0x...000001234567890123456789012345678901234567890123456789
p2sh address structure
A p2sh address is also represented by a hexadecimal string, but the first 45 bytes are different from those in a p2pkh address. The main difference is the use of 0x... instead of 0x. This allows for a more compact representation.
Converting p2pkh to p2sh addresses
To convert a p2pkh address to a p2sh address, you need to replace the first 45 bytes with 0x...000001234567890123456789012345678901234567890123456789. Here is an example of how to do this:
0x becomes 0x.
...000001234567890123456789012345678901234567890123456789
When converting a p2pkh address, the resulting hexadecimal string will be longer than 45 characters. For example, if we take the address 0x...000001234567890123456789012345678901234567891 and replace 0x with 0x, we get p2sh: 0x...000001234567890123456789012345678901234567891.
Will the balance be transferred?
In general, yes, the balance of a p2pkh address will be transferred to the corresponding p2sh address. However, this is not always the case.
When you create a new Ethereum account using a public key from a p2pkh address, the balance associated with that key is preserved and can be transferred directly to a p2sh address. This is known as “address reuse.”
However, if you reuse a p2pkh address for an existing Ethereum account, the balance will not be transferred to the new address. Instead, you will need to create a new Ethereum wallet with the updated public key.
Conclusion
Converting p2pkh addresses to p2sh addresses is possible, but requires replacing the first 45 bytes of the hexadecimal string with 0x.... Additionally, when you reuse the public key of an existing Ethereum account, the balance will not be transferred to the new address. Nevertheless, this process can be useful for creating multiple addresses from the same seed phrase or private key.
If you are interested in exploring more advanced topics related to Ethereum addresses and balances, such as staking, delegation, or using different address types (like p2sh multisig), feel free to ask!
