diff --git a/docs/guides/error-handling.md b/docs/guides/error-handling.md
index 9252f30f8f..1a1c41816f 100644
--- a/docs/guides/error-handling.md
+++ b/docs/guides/error-handling.md
@@ -79,7 +79,6 @@ BaseError
 │
 ├── TransactionError
 │   ├── DecodeError
-│   ├── EncodeError
 │   ├── PayloadLengthError
 │   ├── DryRunError
 │   ├── IllegalBidFeeError
diff --git a/src/tx/builder/common.ts b/src/tx/builder/common.ts
index 162bb09e2c..acf37e15f4 100644
--- a/src/tx/builder/common.ts
+++ b/src/tx/builder/common.ts
@@ -1,6 +1,8 @@
 import { decode as rlpDecode, encode as rlpEncode } from 'rlp';
 import { Field, BinaryData } from './field-types';
-import { ArgumentError, DecodeError, SchemaNotFoundError } from '../../utils/errors';
+import {
+  ArgumentError, DecodeError, SchemaNotFoundError, InternalError,
+} from '../../utils/errors';
 import {
   Encoding, Encoded, encode, decode,
 } from '../../utils/encoder';
@@ -8,7 +10,7 @@ import { readInt } from './helpers';
 
 type Schemas = ReadonlyArray<{
   tag: { constValue: number } & Field;
-  version: { constValue: number } & Field;
+  version: { constValue: number; constValueOptional: boolean } & Field;
 }>;
 
 export function getSchema(
@@ -19,7 +21,11 @@ export function getSchema(
 ): Array<[string, Field]> {
   const subSchemas = schemas.filter((s) => s.tag.constValue === tag);
   if (subSchemas.length === 0) throw new SchemaNotFoundError(`${Tag[tag]} (${tag})`, 0);
-  version ??= Math.max(...subSchemas.map((s) => s.version.constValue));
+  if (version == null) {
+    const defaultSchema = subSchemas.find((schema) => schema.version.constValueOptional);
+    if (defaultSchema == null) throw new InternalError(`Can't find default schema of ${Tag[tag]} (${tag})`);
+    version = defaultSchema.version.constValue;
+  }
   const schema = subSchemas.find((s) => s.version.constValue === version);
   if (schema == null) throw new SchemaNotFoundError(`${Tag[tag]} (${tag})`, version);
   return Object.entries(schema);
diff --git a/src/tx/builder/field-types/index.ts b/src/tx/builder/field-types/index.ts
index eb3240635a..908d83d58b 100644
--- a/src/tx/builder/field-types/index.ts
+++ b/src/tx/builder/field-types/index.ts
@@ -1,33 +1,33 @@
-import abiVersion from './abi-version';
-import address from './address';
-import array from './array';
-import boolean from './boolean';
-import coinAmount from './coin-amount';
-import ctVersion from './ct-version';
-import encoded from './encoded';
-import entry from './entry';
-import enumeration from './enumeration';
-import fee from './fee';
-import field from './field';
-import gasLimit from './gas-limit';
-import gasPrice from './gas-price';
-import map from './map';
-import mptree from './mptree';
-import name from './name';
-import nameFee from './name-fee';
-import nameId from './name-id';
-import nonce from './nonce';
-import pointers from './pointers';
-import queryFee from './query-fee';
-import raw from './raw';
-import shortUInt from './short-u-int';
-import shortUIntConst from './short-u-int-const';
-import string from './string';
-import ttl from './ttl';
-import uInt from './u-int';
-import withDefault from './with-default';
-import withFormatting from './with-formatting';
-import wrapped from './wrapped';
+export { default as abiVersion } from './abi-version';
+export { default as address } from './address';
+export { default as array } from './array';
+export { default as boolean } from './boolean';
+export { default as coinAmount } from './coin-amount';
+export { default as ctVersion } from './ct-version';
+export { default as encoded } from './encoded';
+export { default as entry } from './entry';
+export { default as enumeration } from './enumeration';
+export { default as fee } from './fee';
+export { default as field } from './field';
+export { default as gasLimit } from './gas-limit';
+export { default as gasPrice } from './gas-price';
+export { default as map } from './map';
+export { default as mptree } from './mptree';
+export { default as name } from './name';
+export { default as nameFee } from './name-fee';
+export { default as nameId } from './name-id';
+export { default as nonce } from './nonce';
+export { default as pointers } from './pointers';
+export { default as queryFee } from './query-fee';
+export { default as raw } from './raw';
+export { default as shortUInt } from './short-u-int';
+export { default as shortUIntConst } from './short-u-int-const';
+export { default as string } from './string';
+export { default as ttl } from './ttl';
+export { default as uInt } from './u-int';
+export { default as withDefault } from './with-default';
+export { default as withFormatting } from './with-formatting';
+export { default as wrapped } from './wrapped';
 
 export type BinaryData = Buffer | Buffer[] | Buffer[][]
 | Array<[Buffer, Array<[Buffer, Buffer[]]>]>;
@@ -37,36 +37,3 @@ export interface Field {
   deserialize: (value: BinaryData, options: any) => any;
   recursiveType?: boolean;
 }
-
-export {
-  abiVersion,
-  address,
-  array,
-  boolean,
-  coinAmount,
-  ctVersion,
-  encoded,
-  entry,
-  enumeration,
-  fee,
-  field,
-  gasLimit,
-  gasPrice,
-  map,
-  mptree,
-  name,
-  nameFee,
-  nameId,
-  nonce,
-  pointers,
-  queryFee,
-  raw,
-  shortUInt,
-  shortUIntConst,
-  string,
-  ttl,
-  uInt,
-  withDefault,
-  withFormatting,
-  wrapped,
-};
diff --git a/src/utils/crypto.ts b/src/utils/crypto.ts
index 4d03cbdc35..5ef23dbdb4 100644
--- a/src/utils/crypto.ts
+++ b/src/utils/crypto.ts
@@ -4,7 +4,7 @@ import nacl, { SignKeyPair } from 'tweetnacl';
 import { blake2b } from 'blakejs/blake2b.js';
 import { encode as varuintEncode } from 'varuint-bitcoin';
 
-import { concatBuffers } from './other';
+import { concatBuffers, isItemOfArray } from './other';
 import {
   decode, encode, Encoded, Encoding,
 } from './encoder';
@@ -22,23 +22,29 @@ export function getAddressFromPriv(secret: string | Uint8Array): Encoded.Account
 }
 
 /**
- * Check if address is valid
- * @param address - Address
- * @param prefix - Transaction prefix. Default: 'ak'
- * @returns is valid
+ * Check if data is encoded in one of provided encodings
+ * @param maybeEncoded - Data to check
+ * @param encodings - Rest parameters with encodings to check against
  */
-export function isAddressValid(
-  address: string,
-  prefix: Encoding = Encoding.AccountAddress,
-): boolean {
+export function isAddressValid(maybeEncoded: string): maybeEncoded is Encoded.AccountAddress;
+export function isAddressValid<E extends Encoding>(
+  maybeEncoded: string,
+  ...encodings: E[]
+): maybeEncoded is Encoded.Generic<E>;
+export function isAddressValid(maybeEncoded: string, ...encodings: Encoding[]): boolean {
+  if (encodings.length === 0) encodings = [Encoding.AccountAddress];
   try {
-    decode(address as Encoded.Generic<typeof prefix>);
-    const actualPrefix = address.split('_')[0];
-    if (actualPrefix !== prefix) {
-      throw new ArgumentError('Encoded string type', prefix, actualPrefix);
+    decode(maybeEncoded as Encoded.Any);
+    const encoding = maybeEncoded.split('_')[0];
+    if (!isItemOfArray(encoding, encodings)) {
+      throw new ArgumentError(
+        'Encoded string type',
+        encodings.length > 1 ? `one of ${encodings.join(', ')}` : encodings[0],
+        encoding,
+      );
     }
     return true;
-  } catch (e) {
+  } catch (error) {
     return false;
   }
 }
diff --git a/test/unit/crypto.ts b/test/unit/crypto.ts
index 6690ed5a74..bc538ab039 100644
--- a/test/unit/crypto.ts
+++ b/test/unit/crypto.ts
@@ -4,7 +4,7 @@ import { assert, expect } from 'chai';
 import {
   buildTxHash, decode, Encoded,
   generateKeyPair, getAddressFromPriv, verifyMessage, isValidKeypair, isAddressValid, hash, genSalt,
-  sign, verify, messageToHash, signMessage,
+  sign, verify, messageToHash, signMessage, Encoding,
 } from '../../src';
 
 // These keys are fixations for the encryption lifecycle tests and will
@@ -54,10 +54,33 @@ describe('crypto', () => {
     });
   });
 
-  it('isAddressValid', () => {
-    expect(isAddressValid('test')).to.be.equal(false);
-    expect(isAddressValid('th_11111111111111111111111111111111273Yts')).to.be.equal(false);
-    expect(isAddressValid('ak_11111111111111111111111111111111273Yts')).to.be.equal(true);
+  describe('isAddressValid', () => {
+    it('rejects invalid encoded data', () => {
+      expect(isAddressValid('test')).to.be.equal(false);
+      expect(isAddressValid('th_11111111111111111111111111111111273Yts')).to.be.equal(false);
+      expect(isAddressValid('ak_11111111111111111111111111111111273Yts', Encoding.TxHash))
+        .to.be.equal(false);
+    });
+
+    it('returns true for a valid address', () => {
+      const maybeValue: string = 'ak_11111111111111111111111111111111273Yts';
+      const result = isAddressValid(maybeValue);
+      expect(result).to.be.equal(true);
+      // @ts-expect-error `result` is not chcked yet
+      let value: Encoded.AccountAddress = maybeValue;
+      if (result) value = maybeValue;
+      expect(value);
+    });
+
+    it('correctly checks against multiple encodings', () => {
+      const maybeValue: string = 'th_HZMNgTvEiyKeATpauJjjeWwZcyHapKG8bDgy2S1sCUEUQnbwK';
+      const result = isAddressValid(maybeValue, Encoding.Name, Encoding.TxHash);
+      expect(result).to.be.equal(true);
+      // @ts-expect-error `result` is not chcked yet
+      let value: Encoded.Name | Encoded.TxHash = maybeValue;
+      if (result) value = maybeValue;
+      expect(value);
+    });
   });
 
   describe('sign', () => {