Blockchain Address

The address to which people can send money. The way to identify the recipient of the funds inside a transaction. It is calculated by hashing twice with SHA 256 the public key of the recipient.

Money can be sent also directly to the public key, yet the use of a blockchain address which is calculated from the public key adds a layer of security since it is very difficult to recover the public key from the address and it is even more difficult to figure out the private key from the public key.