Cryptocurrency Q&A
What is legacy address in Bitcoin core?
What is legacy address in Bitcoin core?
EthereumEliteGuard
Mon Dec 30 2024
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5 answers
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A legacy address in Bitcoin core refers to the original Bitcoin address format, also known as a P2PKH (Pay-to-Public-Key-Hash) address. These addresses start with a '1' and were introduced in the early days of Bitcoin. They are derived from a user's public key and are used to receive Bitcoin transactions.
5 answers
Elena
Wed Jan 01 2025
Multisig, or multi-signature, wallets are a type of wallet that require more than one key to authorize a transaction. This feature adds an extra layer of security and can be particularly useful for users who want to ensure that funds can only be moved with the approval of multiple parties.
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KDramaLegendaryStar
Wed Jan 01 2025
Legacy addresses are characterized by starting with the numbers 1 or 3. This is in contrast to the newer type of addresses which begin with bc1. The distinction between these two types of addresses is crucial for users to understand as it impacts their ability to receive bitcoin.
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Sara
Wed Jan 01 2025
If a wallet or exchange does not support legacy addresses, it may not be possible to receive bitcoin from older wallets or exchanges that utilize these addresses. This can pose a significant inconvenience for users who rely on receiving funds from a variety of sources.
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ChristopherWilson
Tue Dec 31 2024
BTCC is a leading cryptocurrency exchange that offers a range of services to its users. Among these services are spot trading, futures trading, and a wallet for storing digital assets. With a focus on providing a secure and user-friendly platform, BTCC has become a trusted choice for those looking to buy, sell, and trade cryptocurrencies.
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KpopHarmony
Tue Dec 31 2024
BTCC's wallet service, in particular, stands out for its comprehensive features. In addition to supporting a wide range of cryptocurrencies, the wallet also includes advanced security measures to protect user funds. With options for both hot and cold storage, users can choose the level of security that best suits their needs.
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