Bitcoin - Legacy and Segwit Addresses
Difference between the various kinds of Bitcoin addresses
There are three bitcoin address formats currently in use:
  1. 1.
    P2PKH addresses which begin with the number "1" Example: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2
  2. 2.
    P2SH addresses starting with the number "3" Example: 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy
  3. 3.
    Bech32 addresses, also known as "bc1 addresses" starting with "bc1" Example: bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq Bech32 is supported by the majority of software and hardware wallets, but only a few exchange platforms. Bech32 is more efficient with block space.
Last modified 1yr ago
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