Questions tagged [legacy]

SejongWisdomSeeker Sat Dec 21 2024 | 5 answers 1291

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?

HallyuHeroLegend Sat Dec 21 2024 | 7 answers 1619

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.

CryptoLodestar Mon Dec 02 2024 | 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?

ZenBalance Mon Dec 02 2024 | 5 answers 990

I want to understand the distinction between SegWit and legacy. I'm curious about how they differ in terms of their functionality, usage, and impact on the overall Bitcoin network.

EnchantedSoul Sun Dec 01 2024 | 6 answers 1373

Binance, the world's largest cryptocurrency exchange, has announced support for SegWit, which is an upgrade to the Bitcoin protocol. SegWit addresses start with 'bc1' and offer reduced transaction fees and faster processing times compared to legacy addresses that start with '1'. This adoption by Binance enhances the efficiency and scalability of Bitcoin transactions on its platform.