What are the differences between Litecoin address formats?

3 answers

• ArtsAug 26, 2020 · 5 years ago
  Sure! Litecoin has two main address formats: Legacy and SegWit. The Legacy format starts with an 'L' and is similar to Bitcoin's address format. The SegWit format starts with an 'M' and is more efficient in terms of transaction size and fee. Both formats are valid and can be used interchangeably, but SegWit addresses are generally recommended for their benefits.
  364

  182
• Memon OwaisJul 18, 2023 · 2 years ago
  Litecoin address formats can be a bit confusing, but let me break it down for you. The Legacy format is the older format and starts with an 'L'. It's compatible with all Litecoin wallets and exchanges. On the other hand, the SegWit format starts with an 'M' and is a newer, more advanced format. It offers lower transaction fees and faster confirmation times. It's important to note that not all wallets and exchanges support SegWit addresses yet, so make sure to check before using them.
  488

  163
• Gojo SaturoApr 05, 2023 · 2 years ago
  When it comes to Litecoin address formats, there are two main types: Legacy and SegWit. Legacy addresses start with an 'L' and are the traditional format used by Litecoin. SegWit addresses, on the other hand, start with an 'M' and are a newer format that offers some advantages. SegWit addresses have lower transaction fees and are more efficient in terms of block space. However, not all wallets and exchanges support SegWit addresses yet, so it's important to check before using them. Overall, both formats are valid and can be used for Litecoin transactions.
  561

  141