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by DennisP 3192 days ago
This actually is possible. Every Ethereum transaction has a data field that can store an arbitrary amount of data.

Normally this is used for function calls to contracts. An exchange could make a contract that lets the user put in their userId when sending eth, and then everybody would be sending to the same address while still being identifiable. It would even be possible to reject deposits which do not include the userId, or which have an unknown userId.

I think the main reason exchanges don't do this is that they deal with lots of cryptocurrencies, so they use the simplest method that works for all of them: just make a unique deposit address for each user.

1 comments

Yes, that's what I said. The ABI-intended input field could easily be used as personal ID. Furthermore in some cases you need to transfer money to other wallet specifically so it could call some method, and this way you would literally run any method by passing #methodIdarg1arg2. Clumsy but tx cost saving