What are the pros/cons of using the new bc1xxx segwit address vs the 3xxx segwit address?
asked Mar 16, 2018 at 18:41
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a longer (opinion based) thread here, with GMaxwell explaining details: bitcointalk.org/index.php?topic=2624630.0– pebwindkraftMar 16, 2018 at 19:08
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1 Answer
Properties of the address format (Bech32 vs Base58Check):
- Pro: Better error detection (up to 4, and sometimes 5, characters can be wrong and the sender software will always detect it)
- Con: Longer
- Con: Not all software supports sending to such addresses
Properties of the output type (native segwit vs P2SH-wrapped segwit):
- Pro: Slightly cheaper to spend money received on such an address (no P2SH overhead)
- Pro: Very slightly cheaper to send to
- Con: Not all software supports creating such addresses
answered Mar 16, 2018 at 18:53
