Why use P2PKH instead of P2PK?
I'm curious about the reason for choosing P2PKH over P2PK. I want to understand the advantages or reasons behind this decision in the context of cryptocurrency transactions.
What is the difference between P2PK and P2PKH?
The main difference between P2PK and P2PKH lies in the way public keys are represented and used. P2PK uses raw public keys directly, while P2PKH uses the hash of the public key for better efficiency and compatibility with Bitcoin's address system.