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What type of bitcoin address do you use the most? & Why?
639 sats \ 6 comments \ @criptopanas 12 Sep 2024 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 2024

Isn't a taproot 32 address also called Bech32M address?

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0 sats \ 0 replies \ @Zenul_Abidin 12 Sep 2024

It's not commonly called that, we either say P2TR or just taproot.

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131 sats \ 0 replies \ @Radentor 12 Sep 2024

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1 sat \ 0 replies \ @WeAreAllSatoshi 12 Sep 2024

Nice try, fed. No extra info for you

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0 sats \ 0 replies \ @DarthCoin 12 Sep 2024

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 2024

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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