What are the differences between segwit and native segwit in the world of cryptocurrencies?

1 answers

• FriddeMay 26, 2021 · 5 years ago
  Segwit and native segwit are two different implementations of the same concept - separating transaction data from witness data. Segwit was introduced as a soft fork upgrade to Bitcoin, allowing for more transactions to be included in each block. Native segwit, on the other hand, is an extension of segwit that uses a different address format to further reduce transaction sizes. This results in faster transaction speeds and lower fees. While both segwit and native segwit offer improvements over the traditional transaction format, native segwit provides slightly better efficiency and cost savings due to its optimized address format. It's important to note that the adoption of segwit and native segwit varies among different cryptocurrencies and wallets, so it's always a good idea to check if the specific cryptocurrency or wallet supports these features before using them.
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