Integrated address

Integrated addresses for exchanges¶

Starting the daemon and the wallet application as RPC server¶

• Unlike Bitcoin, CryptoNote family coins have different, more effective approach on how to handle user deposits.

• An exchange generates only one address for receiving coins and all users send coins to that address.

• To distinguish different deposits from different users the exchange generates random identifier (called payment ID) for each one and a user attaches this payment ID to his transaction while sending.

• Upon receiving, the exchange can extract payment ID and thus identify the user.

• In original CryptoNote there were two separate things: exchange deposit address (the same for all users) and payment ID (unique for all users).

• Later, for user convenience and to avoid missing payment ID we combined them together into one thing, called integrated address.

• So nowadays modern exchanges usually give to a user an integrated address for depositing instead of pair of standard deposit address and a payment ID.