What is "Cash Address" or "CashAddr"? Is that a new Bitcoin Cash address format?
"CashAddr" is the name of the new Bitcoin Cash address format, which is heavily influenced by SegWit Bech32 format.
It looks like this:
The format is consisting of a prefix (
bchreg), a seperator (always
:), and a 42 character payload.
TIP: P2PKH starts with
q while P2SH starts with
Currently it's compatible with all Bitcoin Cash wallets and services except a few.
The address format can be converted to the old format using cashaddr.bitcoincash.org if your wallet is not compatible.