Cryptocurrency Q&A Does blockchain support SegWit?

Does blockchain support SegWit?

SamsungShine SamsungShine Thu Nov 28 2024 | 5 answers 626
I'm wondering if blockchain technology is compatible with SegWit. I've heard about SegWit and its potential benefits, but I'm not sure if it's supported by blockchain. Does blockchain support SegWit?

5 answers

Eleonora Eleonora Fri Nov 29 2024
This change is aimed at promoting the adoption of SegWit, which is known for its efficiency and scalability.

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Giuseppe Giuseppe Fri Nov 29 2024
For those who still need to receive transactions to a legacy address, Blockchain.com has provided a detailed article with step-by-step instructions.

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Lorenzo Lorenzo Fri Nov 29 2024
The Blockchain.com Wallet has introduced a new default setting for receiving addresses.

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SejongWisdom SejongWisdom Fri Nov 29 2024
It now defaults to SegWit (Bech32) addresses, which is a more advanced format than legacy addresses.

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Raffaele Raffaele Fri Nov 29 2024
By using SegWit addresses, users can enjoy the benefit of lower fees when sending Bitcoin in the future.

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