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Definition: Base58

An encoding method that converts binary cryptocurrency addresses into ASCII text that can be manually copied without making mistakes. Base58 uses all the numeric and alphabetic characters except zero, upper case O, lower case l and the digit 1, which are error-prone character pairs (0 O, I 1). Although copy and paste is always recommended for entering crypto addresses, there are times when they have to be typed in manually. See Base64 and crypto glossary.