Your address is a valid bech32 address value. By decoding the content we obtain a bytestring that can be interpreted according to CIP-0019. There are 3 types of possible address, each following a different encoding format: Shelley, Stake, or Byron.

Address Bytes (Hex)

016e8324300821ac2dafb0ab…942dd4cced0c3b2017a54adc

Parsed Address

Type

Shelley

Network Id

The network id is a flag to indicate to which network it belongs (either mainnet or a testnet).

Network Id

mainnet

Payment Part

The payment part describes who has control of the ownership of the locked values. There are two options: a verification key or a script. The address includes a flag to differentiate the two.

Kind

verification key

Hash

6e8324300821ac2d…b219a58cc23e2eda

Delegation Part

The delegation part describes who has control of the staking of the locked values. There are two options: a verification key or a script. The address includes a flag to differentiate the two.

Kind

verification key

Hash

670bc4968fdb9a66…ed0c3b2017a54adc