Cryptocurrency Q&A
Which is better SegWit or legacy?
Which is better SegWit or legacy?
JejuJoyfulHeartSoulMate
Thu Dec 26 2024
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6 answers
1242
I'm trying to decide between using SegWit or legacy for my Bitcoin transactions. I've heard about the benefits of both, but I'm not sure which one is better. Can someone help me understand the differences and make a recommendation?
6 answers
EmeraldPulse
Sat Dec 28 2024
Segwit addresses are shorter and start with the number 3 or the letter bc1. They are designed to reduce transaction fees and increase the speed of transactions.
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alexander_smith_musician
Sat Dec 28 2024
Bitcoin addresses are categorized into two main types: Legacy and Segwit. Both types serve as unique identifiers for Bitcoin wallets.
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Stefano
Sat Dec 28 2024
Legacy addresses are the original type of Bitcoin addresses, featuring a longer format that begins with the number 1. They have been in use since Bitcoin's inception and are still widely accepted today.
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TaegeukWarrior
Sat Dec 28 2024
Segwit addresses, on the other hand, are a newer type of Bitcoin address that utilizes a technology called Segregated Witness. This technology improves the efficiency and scalability of the Bitcoin network.
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Claudio
Fri Dec 27 2024
Both Legacy and Segwit addresses are compatible with each other, meaning that you can send Bitcoin from a Legacy address to a Segwit address, and vice versa. However, some wallets may only support one type of address.
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