Thanks for the clarification.
This thing make me think about one more thing. As we know all the contract addresses are one of the combination in 2^160 addresses. So that means if some wallet randomly generates a private key which converts to a address allocated to a previously generated contract. What will happen then? It's extremely rare possibility but still a possibility, how blockchain handles or will handle this situation? Got any idea?
RE: Ethereum private keys and public addresses comparison..
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Ethereum private keys and public addresses comparison..
I'm not sure because it depends on the software implementation. Assuming the software does not check, it will appear you have a balance when you start. When/if you transfer eth the original owner will have proof of ownership of the first address (this is one of the reasons the guides recommend a test transaction when you first start out. It establishes your identity on the block chain).
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