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I am reading up on Mastercoin, and I must say, it is quite confusing. Am I correct in saying that your Bitcoin address is your Mastercoin Address? If so, I have one private key that contains two cryptocurrencies?
Are Mastercoin addresses Bitcoin addresses?
Answers
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Yeah, that's right - Mastercoin uses the same address space as Bitcoin.
You can store BTC, MSC, TMSC (Test MSC), and soon many other crypto-currencies on the same address using The Master Protocol.
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Have a look here: www.youtube.com/watch?v=mAW-kuoZaHU and you'll probably understand how it works.
You download the blockchain with Bitcoin-QT and run my Mastercoins wallet through it.You label the addresses in your QT wallet and you can now send BTC and MSC to these addresses.
1link not working.. :( – user568021 – 2014-04-21T18:16:25.753