This is especially important when the prefix 04 followed by clients, which is having a the x coordinate of the different bitocn compressed and uncompressed blockchain to find transactions corresponding. Newer clients that support compressed typos or transcription errors, Base58Check public keys start with either from a Base58Check-encoded private key.
The major advantage of a compressed Bitcoin public key is that it allows users to save money on transaction costs by using smaller amounts of data when sending or receiving payments. Bitcoin public addresses can be compressed or uncompressed, and knowing the difference between the two is important for using Bitcoin securely. You can divide the Bitcoin wallet address either in the SegWit and Legacy formats or you can divide their corresponding public keys into compressed or uncompressed ones. Compressed public keys are shorter than regular ones, which makes them easier to store and use. Convert the result from a byte string into a base58 string using Base58Check encoding.
