SumoPride
Wed Jul 17 2024
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6 answers
1072
What is bitcoin SegWit and how does it work?
Could you elaborate on the concept of <a href="https://www.btcc.com/en-US/academy/research-analysis/bitcoin-btc-price-prediction-2023-2025-2030-is-btc-a-good-investment" title="Bitcoin">Bitcoin</a> SegWit and explain its underlying mechanism in a concise manner? Specifically, I'm interested in understanding how it addresses scalability issues and improves transaction efficiency within the Bitcoin network. Additionally, I'd like to know if SegWit introduces any new risks or changes to the overall security of the Bitcoin blockchain. A brief yet comprehensive description would be greatly appreciated.
Arianna
Tue Jul 16 2024
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6 answers
1402
Which bitcoin wallets support SegWit & legacy address format?
As a <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> enthusiast, I'm curious about the wallet options that support both Segregated Witness (SegWit) and the legacy address format for Bitcoin. Could you elaborate on some of the most popular and reliable wallets that offer this functionality? I'm particularly interested in knowing which wallets provide enhanced security measures and user-friendly interfaces, as well as their compatibility with different devices and operating systems. Understanding which wallets support both SegWit and the legacy format will help me make an informed decision when it comes to storing and managing my Bitcoin.
CosmicDream
Sun Jun 16 2024
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5 answers
1593
Are SegWit addresses compatible with all bitcoin wallets?
Could you please clarify for me if SegWit addresses are compatible with every bitcoin wallet that's currently available? I've heard some conflicting information about this, and I'm trying to understand if I need to make any adjustments to my wallet to accept SegWit transactions. Would it be accurate to assume that most modern wallets support SegWit by default? Or are there specific wallets that don't support it and I should be aware of? It would be helpful to get a clear answer on this matter so I can ensure my transactions are processed smoothly. Thank you for your assistance.
