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RE: Ethereum private keys and public addresses comparison..
Thanks for the clarification.
This thing make me think about one more thing. As we know all the contract addresses are one of the combination in 2^160 addresses. So that means if some wallet randomly generates a private key which converts to a address allocated to a previously generated contract. What will happen then? It's extremely rare possibility but still a possibility, how blockchain handles or will handle this situation? Got any idea?
I'm not sure because it depends on the software implementation. Assuming the software does not check, it will appear you have a balance when you start. When/if you transfer eth the original owner will have proof of ownership of the first address (this is one of the reasons the guides recommend a test transaction when you first start out. It establishes your identity on the block chain).
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