base58based

Base58based is a term that refers to data encoded using a Base58 alphabet. Base58 is a family of base-encoding schemes that, like Base64, represent binary data in an ASCII string format. However, Base58 is designed to be more human-friendly and machine-readable by omitting characters that are easily confused or problematic.

The standard Base58 alphabet excludes the digits 0 (zero), 1 (one), and the uppercase letters O and I. It also excludes the characters + and /. This omission is particularly useful in contexts where the encoded data might be manually transcribed or displayed, as it reduces the likelihood of errors. For example, in cryptocurrency, Base58 is commonly used for encoding wallet addresses and transaction IDs. Bitcoin uses a specific variant known as Bitcoin Base58.

The "based" part of "base58based" simply signifies that the encoding scheme employed is Base58. Therefore, a "base58based" string is one that has been encoded according to the rules of Base58. The specific alphabet used can vary slightly between implementations, but the core principle of omitting easily confused characters remains. This makes Base58 a popular choice for applications requiring robust and user-friendly data representation.