By Nazilkree - 06.03.2020
Bc1 bitcoin addresses
Each one starts with “bc1” and is longer than a legacy or P2SH address on account of this prefix. Bech32 is the native segwit address format. I thought bitcoin addresses started with a one or a three? I just installed electrum and it generated addresses that start with bc1?
Active Oldest Votes 2 there are two type of bc1 bitcoin addresses as P2SH starting with 3 and Native Bc1 bitcoin addresses bech32 starting with bc1, but don't know which of the two segwit one, is better and is compatible to bc1 bitcoin addresses and receive https://catalog-obzor.ru/address/btc-wallet-address-lookup.html a legacy one?
Generally speaking the "bc1" native SegWit address bc1 bitcoin addresses better. Alphabets in a "bc1" address can be either all upper-case or all lower-case, the former fits QR code bc1 bitcoin visit web page, resulting in bc1 bitcoin addresses more compact QR code.
Without mixed-case alphabets, "bc1" address is also bc1 bitcoin addresses to be read orally.
Bitcoins bc1 bitcoin addresses be freely transferred among all three address types. However, when you are receiving bitcoins, there's a compatibility issue around "bc1" addresses, that some old wallets including the withdrawal interface of https://catalog-obzor.ru/address/free-business-email-address-uk.html exchanges simply don't recognize it.
When you are sending bitcoins from SegWit addresses, there's nothing to worry about, except a minor issue that a 0-conf SegWit transaction may not bc1 bitcoin addresses up in the payee's view, if the payee is using an old wallet which bc1 bitcoin addresses not SegWit-aware.
Bc1 bc1 bitcoin addresses addresses that situation, it will finally show up in the payee's view article source bc1 bitcoin addresses gets included into the blockchain.
Some developers also worried about abuses of this function IIRC.
Trezor and Electrum had implemented this feature in ways bc1 bitcoin addresses were not compatible with each other.
In the future, maybe we could see this standardized by BIP Bc1 bitcoin addresses "bc1" native SegWit address only reduce the size by several bytes.
Obviously, only transactions spending coins from SegWit addresses enjoy that discount.
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