Part 3/7:
Given that wallet addresses and their corresponding private keys are created randomly, there is a minute possibility that someone could generate the same pair as you. However, how likely is this occurrence?
In the context of Bitcoin, the total number of possible wallet addresses is a staggering 2 raised to the power of 160. This figure translates to approximately 1.4 quintillion unique addresses. Consequently, the odds of generating an identical private key as someone else’s is astronomically low—specifically, 1 in 1.4 quintillion, which can be quantified as 14 followed by 47 zeros.
To put this into perspective, even if someone were to check half of all possible addresses—roughly 2 raised to the power of 80—they would only have a 50% chance of encountering your specific address.