What does SegWit BTC mean?
SegWit BTC refers to the implementation of Segregated Witness (SegWit) technology in the Bitcoin network. SegWit is a soft fork that changes the transaction format of Bitcoin, aiming to improve its scalability, efficiency, and security. By separating the signature data from the transaction, SegWit allows for more transactions to be included in a block, effectively increasing the block size limit and enabling faster transaction processing.
What are the disadvantages of SegWit?
I'm curious about the potential downsides of SegWit. I've heard it can improve transaction efficiency and scalability, but I want to know if there are any disadvantages or potential issues associated with its implementation.
How do I know if my Bitcoin is SegWit or legacy?
I'm trying to figure out whether my Bitcoin is SegWit or legacy. I need to know this information to understand the transaction fees and the overall efficiency of my Bitcoin transactions. How can I find out?
Can I send BTC from SegWit to legacy?
I'm wondering if it's possible to transfer Bitcoin from a SegWit address to a legacy address. I'm not sure if there are any restrictions or compatibility issues between the two types of addresses.
Should I choose SegWit or native SegWit?
I'm trying to decide whether to use SegWit or native SegWit for my transaction. I'm not sure which one would be more beneficial in terms of fees, transaction speed, and compatibility. Can someone help me understand the differences and make a recommendation?