Base58 is a method for encoding binary data, commonly used in Bitcoin addresses and other cryptocurrencies. The Base58 character set excludes easily confused characters such as the number 0, uppercase letters O and I, lowercase letter l, as well as the symbols + and /, making it more suitable for manual input and recognition. The Base58 character set includes: 123456789ABCDEFGHJKLMNPQRSTUVWXYZabcdefghijkmnopqrstuvwxyz. Compared to Base64, Base58 produces shorter encoded text but is slightly slower to compute. Base58 is widely used in blockchain, cryptocurrency, and related fields.