How Likely Is a Bitcoin Address Typo to Cause a Problem?
Concerns exist about accidentally sending Bitcoin to the wrong address due to typos. This article uses checksum probabilities, the vast size of the address space, and edit distance calculations to demonstrate the extremely low likelihood of this happening. Even considering addresses that are a small edit distance apart, the probability of a typo leading to a collision with another valid address in the enormous address space is negligible. Therefore, address typos are not a major risk in using Bitcoin.
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