Cryptocurrency Q&A What is the difference between SegWit and no SegWit?

What is the difference between SegWit and no SegWit?

Andrea Andrea Fri Nov 29 2024 | 6 answers 1473
I want to understand the difference between transactions with SegWit and without SegWit. How do they differ in terms of functionality, efficiency, and any other aspect? What is the difference between SegWit and no SegWit?

6 answers

CryptoAlly CryptoAlly Sun Dec 01 2024
There are several notable distinctions between Segwit and non-Segwit addresses.

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ZenBalance ZenBalance Sun Dec 01 2024
One of the primary differences lies in the potential savings in transaction fees.

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Bianca Bianca Sat Nov 30 2024
This is achieved by reducing the amount of data used on the network.

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DondaejiDelightful DondaejiDelightful Sat Nov 30 2024
Another significant difference is the format of the addresses themselves.

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Davide Davide Sat Nov 30 2024
Segwit addresses can be identified by their prefix, which is the number 1.

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