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The more basic article on Bitcoin Addresses may be more appropriate. A Bitcoin address is a 160-bit hash of the public portion of a public/private ECDSA keypair. Using public-key cryptography, you can sign data with your private key and anyone who knows your public key can verify that the signature is valid.
The cryptocurrency proved to be unrecoverable, at least until Luno can implement a system to extract private keys for Bitcoin Cash addresses. However, sending cryptocurrency to the wrong address doesnât have to be the end of your funds. Blockchain addresses To understand why sending currency to the wrong address is either a disaster or not, you need to understand how addresses work.