What is the difference between BTC native SegWit and other SegWit implementations?

3 answers

• Issam MaherSep 17, 2022 · 4 years ago
  BTC native SegWit and other SegWit implementations differ in terms of transaction size and fee reduction. Native SegWit, also known as bech32, offers greater efficiency and lower fees compared to other SegWit implementations. It uses a different address format and allows for more transactions to be included in a block, resulting in faster confirmations and lower fees for users. Other SegWit implementations, such as P2SH, have a larger transaction size and may not offer the same level of fee reduction as native SegWit.
  523

  262
• Adam OldenkampMay 09, 2024 · 2 years ago
  The difference between BTC native SegWit and other SegWit implementations lies in the address format and transaction size. Native SegWit addresses start with 'bc1' and have a smaller transaction size, which means lower fees. Other SegWit implementations, like P2SH, have addresses starting with '3' and have a larger transaction size. Native SegWit is considered more efficient and cost-effective for users who want to save on transaction fees.
  444

  148
• tmaniniJun 12, 2023 · 3 years ago
  When it comes to BTC native SegWit and other SegWit implementations, the main difference lies in the address format and transaction size. Native SegWit uses addresses that start with 'bc1' and has a smaller transaction size, resulting in lower fees. Other SegWit implementations, such as P2SH, have addresses starting with '3' and have a larger transaction size. Native SegWit offers a more efficient and cost-effective solution for users who want to optimize their transaction fees and enjoy faster confirmations.
  514

  129