About Base32 & Base58 Encoding

Base32 is a binary-to-text encoding scheme that represents binary data in an ASCII string format using 32 different characters. It's commonly used in situations where case-insensitive encoding is needed.

Base58 is a binary-to-text encoding scheme that uses 58 different characters. It's designed to avoid similar-looking characters (like 0/O, I/l) and is famously used in Bitcoin addresses.