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Showing posts with the label Why do we need two different formats of WIF (wallet import format)?

Why do we need two different formats of WIF (wallet import format)?

Why do we need two different formats of WIF (wallet import format)? I know that a public key can be compressed. However, a public key and its compressed one have the same private key. Then why do we need two different Wallet import formats for each compressed and uncompressed one? http://ift.tt/2C6MuT6