Cryptocurrency Q&A
Should I use SegWit or Legacy?
Should I use SegWit or Legacy?
CryptoLodestar
Mon Dec 02 2024
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5 answers
1587
I'm trying to decide whether to use SegWit or Legacy for my Bitcoin transactions. I'm not sure which one is better suited for my needs. Can someone help me understand the differences and make a recommendation?
5 answers
MichaelSmith
Wed Dec 04 2024
Bitcoin wallets come in various forms, and two primary types are legacy and SegWit addresses. Both have distinct characteristics that make them suitable for different purposes.
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SamuraiCourageous
Tue Dec 03 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to both legacy and SegWit address users. Its platform supports spot trading, futures trading, and wallet services, among others. With BTCC, users can easily manage their Bitcoin holdings, regardless of the address type they prefer.
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Martina
Tue Dec 03 2024
Legacy addresses, also known as base58check addresses, are the original type of Bitcoin addresses. They have been around since the inception of Bitcoin and are widely recognized and supported across the network.
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FantasylitElation
Tue Dec 03 2024
SegWit, short for Segregated Witness, is a soft fork in the Bitcoin blockchain that was introduced in 2017. SegWit addresses are designed to improve the efficiency and scalability of the Bitcoin network.
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Michele
Tue Dec 03 2024
Unlike legacy addresses, SegWit addresses use a different encoding format, which starts with a '3' for mainnet addresses and 'bc1' for Bech32 addresses. This format allows for more efficient transaction processing and lower fees.
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