What type of bitcoin address do you use the most? & Why?
639 sats \ 6 comments \ @criptopanas 12 Sep bitcoin_beginners
There are multiple Bitcoin address formats due to the evolution of its technology and the need to integrate new functionalities while maintaining compatibility with existing systems. From Legacy to Taproot.
Legacy (P2PKH) start with "1"0.0%
SegWit (P2SH) start with "3"6.9%
Bech32 (Native SegWit) start with "bc1"69.0%
Taproot address (P2TR) start with "bc1p"24.1%
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62 sats \ 2 replies \ @Coinsreporter 12 Sep
Isn't a taproot 32 address also called Bech32M address?
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131 sats \ 0 replies \ @Radentor 12 Sep
Segwit or SegWit V0 : start with bc1q & encoded with Bech32 Taproot or SegWit V1 : start with bc1p & encoded with Bech32m
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0 sats \ 0 replies \ @Zenul_Abidin 12 Sep
It's not commonly called that, we either say P2TR or just taproot.
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1 sat \ 0 replies \ @WeAreAllSatoshi 12 Sep
Nice try, fed. No extra info for you
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0 sats \ 0 replies \ @DarthCoin 12 Sep
bc1p as much as I can bc1q when I can't use bc1p Why?
  • because in 2017 I moved all my legacy addresses to segwit (for those who don't know, in 2017 you could redeem new coins on BCH and dump them for more BTC).
  • then I moved slowly all the segwit to taproot. I like to create new wallets whenever I have the opportunity and move away from old ones. I keep track very closely to my addresses and wallets so I will not end up with forgotten wallets re-used.
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0 sats \ 0 replies \ @bitalion 12 Sep
I try to use the new taproot addresses as much as possible, although sometimes I use the segwit ones. I have not used the legacy and segwit compatible ones anymore.
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