What is an X-Address?
The new X-Address format replaces the r-address and destination tag format when making XRP or Sologenic deposits and withdrawals to an exchange, custodian wallet, or payments platform. Costly mistakes can now be avoided by inputting the wrong destination tag or forgetting to use one.
An X-Address contains both a destination address and a destination tag. It can always be recognized by the upper-case X that starts the address, please see the example below.
The X-Address format will benefit both users and exchanges. Currently, if users make mistakes by entering a wrong destination tag or not entering one at all, a manual funds recovery is needed, or funds or lost. With the X-Address, this is no longer a concern.
For more information about the new X-address, please visit the XRP address website.
To find out more information about this announcement, please click here.