Cryptocurrency Q&A
Does Bitcoin use SegWit?
Does Bitcoin use SegWit?
MysticStorm
Thu Nov 28 2024
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6 answers
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I'm wondering if Bitcoin has implemented SegWit technology. I've heard it can help with transaction speed and scalability, but I'm not sure if it's currently being used in the Bitcoin network.
6 answers
Nicola
Sat Nov 30 2024
SegWit stands for Segregated Witness, a technology that improves the efficiency of Bitcoin transactions.
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EnchantedNebula
Sat Nov 30 2024
Bitcoin SegWit addresses are identifiable by their starting characters.
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GeishaWhisper
Sat Nov 30 2024
Typically, these addresses begin with either a “3” or “bc1”.
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Elena
Sat Nov 30 2024
Cryptocurrency wallets have evolved significantly over time.
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Lorenzo
Sat Nov 30 2024
Addresses that start with “3” are specifically referred to as Pay to Script Hash (P2SH). This type of address is compatible with SegWit, allowing for enhanced transaction capabilities.
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