Muxed Address
A Stellar muxed address combines a traditional Stellar account with a numeric identifier so services can distinguish users sharing the same underlying account.
✦ Key Insight
Muxed addresses can reduce reliance on separate memo fields when identifying payments to customers of a pooled service.
✕ Common Misconceptions
Stellar documentation notes that muxed addresses are not yet supported by every wallet, exchange or anchor, so compatibility should be checked before sending.
Detailed Explanation
In Practice
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Address
An address is a public identifier used to specify a destination or account on a blockchain network.
Memo
A memo is additional transaction data that some blockchain networks and custodial services use to identify, describe or route a payment.
Omnibus Wallet
An omnibus wallet is a shared blockchain wallet in which a custodian pools funds for multiple customers while tracking each customer's balance in its internal records.
Memo or destination tag
A memo or destination tag is an extra identifier some crypto services use to assign a deposit sent to a shared blockchain address to the correct customer account.