Cryptocurrency Q&A What does legacy mean in crypto?

What does legacy mean in crypto?

KDramaLegendaryStarlight KDramaLegendaryStarlight Thu Dec 26 2024 | 6 answers 1506
I've been hearing the term 'legacy' a lot in the crypto space, but I'm not quite sure what it means in this context. Could someone explain to me what 'legacy' refers to in the world of cryptocurrency? What does legacy mean in crypto?

6 answers

GyeongjuGlory GyeongjuGlory Sat Dec 28 2024
The term Legacy address refers to the original format used for BTC addresses.

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Carolina Carolina Fri Dec 27 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the evolving needs of the crypto market.

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Lorenzo Lorenzo Fri Dec 27 2024
Prior to the introduction of newer address formats, Legacy addresses were the standard for Bitcoin transactions.

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SumoMighty SumoMighty Fri Dec 27 2024
SegWit, short for Segregated Witness, represents a newer and more efficient address format for Bitcoin.

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CryptoVisionary CryptoVisionary Fri Dec 27 2024
With SegWit, the transaction signatures involved with a specific transaction are separated from the transaction data.

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