An address is a sequence of several alphanumeric characters that signify a wallet where you can send and receive cryptocurrency.
Understanding the Term
An address on the blockchain is a unique combination of numbers and letters that identifies accounts on the network. To transact in exchange, digital assets are sent to and from different addresses.
An example of a Bitcoin address is ‘14qViLJfdGaP4EeHnDyJbEGQysnCpwk3gd’.
To put it in the simplest terms, an address, in the crypto world, is equivalent to an email address, website address, or even a real-life address.