Does Binance use SegWit or legacy?
Binance, the world's largest cryptocurrency exchange, has announced support for SegWit, which is an upgrade to the Bitcoin protocol. SegWit addresses start with 'bc1' and offer reduced transaction fees and faster processing times compared to legacy addresses that start with '1'. This adoption by Binance enhances the efficiency and scalability of Bitcoin transactions on its platform.
Is SegWit and native SegWit the same?
I'm confused about the difference between SegWit and native SegWit. Are they the same thing, or are there any distinctions between the two? I would like to understand this better.
Should I use taproot or SegWit?
I'm trying to decide between using taproot or SegWit for my Bitcoin transactions. I'm not sure which one is more suitable for my needs. Can someone explain the differences and help me make a decision?
What network is native SegWit?
I'm trying to find out which network is considered to be native to SegWit. I've heard about SegWit and its benefits, but I'm not sure which network it originally belongs to or is most closely associated with.
Does Cashapp use SegWit?
The user wants to know whether Cashapp, a popular payment tool in the US, utilizes SegWit, a technical upgrade for Bitcoin transactions that aims to improve scalability and efficiency.