Can you explain the difference between native SegWit and other SegWit implementations in the world of digital currencies?

3 answers

• Nov 24, 2021 · 3 years ago
  Native SegWit, also known as bech32 addresses, is a type of SegWit address format that offers lower transaction fees and increased efficiency compared to other SegWit implementations. It uses a different address format and is not backward compatible with older non-SegWit addresses. Other SegWit implementations, such as P2SH-SegWit, use a different address format and are backward compatible with non-SegWit addresses. Native SegWit is considered to be the most advanced and efficient form of SegWit implementation in the world of digital currencies.
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• Nov 24, 2021 · 3 years ago
  The difference between native SegWit and other SegWit implementations lies in the address format and backward compatibility. Native SegWit uses a bech32 address format, which is not compatible with non-SegWit addresses. Other SegWit implementations, like P2SH-SegWit, use a different address format that is compatible with non-SegWit addresses. Native SegWit offers lower transaction fees and improved efficiency, making it a preferred choice for many users in the digital currency world.
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• Nov 24, 2021 · 3 years ago
  In the world of digital currencies, native SegWit and other SegWit implementations differ in terms of address format and compatibility. Native SegWit uses bech32 addresses, which are not backward compatible with non-SegWit addresses. On the other hand, other SegWit implementations, such as P2SH-SegWit, use a different address format that is compatible with non-SegWit addresses. Native SegWit provides advantages like lower transaction fees and increased efficiency, making it a popular choice among digital currency users.
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