Which is more commonly used in the cryptocurrency industry, segwit or native segwit?

1 answers

• Buzlu MeybuzNov 07, 2023 · 2 years ago
  In the cryptocurrency industry, segwit and native segwit are both widely used transaction formats. Segwit, which stands for segregated witness, was introduced as a solution to the Bitcoin block size debate. It separates the transaction signature data from the transaction data, allowing for more transactions to be included in a block. Native segwit, also known as bech32 addresses, is an improvement on segwit that offers even lower transaction fees. While both formats have their advantages, native segwit is gaining popularity due to its lower fees and improved efficiency. However, it's important to note that not all wallets and exchanges support native segwit addresses yet. Therefore, the choice between segwit and native segwit depends on individual preferences and the compatibility of the wallet or exchange being used.
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