Questions tagged [segregated-witness]

This tag should be used for questions regarding Segregated Witness (segwit), an activated softfork that defined a new transaction format which doesn't include signatures in the transaction identifier (txid).

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What's the blocksize limit after segwit and how do legacy nodes deal with segwit transactions?

Normally, I heard that the bitcoin blocksize is 1MB, but with the Segwit update the blocksize can be up to 4MB, so we should say that the blocksize is 4MB, right? Moreover legacy nodes only receive ...
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1answer
2k views

Is SegWit a blocksize increase or more efficient use of blockspace?

This question gets asked frequently on reddit, and I think it would be beneficial to have a canonical answer here: Is SegWit a blocksize increase or more efficient use of blockspace?
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2answers
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How do virtual size, stripped size and raw size compare between legacy address formats and native segwit?

This answer states that SegWit doesn't reduce transaction size. If this is true, why is it cheaper to send a SegWit transaction?
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1answer
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Why does BIP141 define both virtual transaction size and weight?

Why does BIP 141 (segwit) define both virtual transaction size and weight? Weight seems to be just four times virtual transaction size (or vice versa, depending on what you define first). Why are ...
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1answer
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How is SegWit a soft fork?

Reading this section of BIP144, I noticed the followng statement: Parsers supporting this BIP will be able to distinguish between the old serialization format (without the witness) and this one. ...
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1answer
1k views

What is "segregated witness" and how can it improve network scalability?

I've just heard about it, and it is claimed to be a "turning point" in the block-size debate. What is "segregated witness?" how does it work? How can it be used for improving network scalability? ...
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2answers
2k views

SegWit transaction fee/byte

For transaction not spending SegWit outputs it's straightforward: if I have 1000 Satoshi fee set for 500 byte raw transaction, I end up with 2 s/b fee. How about transaction containing witness data? ...
3
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1answer
378 views

Can you break down what data is encoded into a bech32 address?

Can you break down what data is encoded into a bech32 address? e.g. bc1qw508d6qejxtdg4y5r3zarvary0c5xw7kv8f3t4 How do bech32 addresses on testnet, regtest, signet compare?
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1answer
13k views

How is segwit2x different from segwit?

Today everybody got the news about the potential segwit2x adoption. However, I am trying to understand: while both of them based on the same segwit principals how they are different? Is it about the ...
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2answers
4k views

Is there a difference between bytes and virtual bytes (vbytes)?

In an Optech newsletter, size is referred to using vbytes. Is there a difference between vbytes and bytes? If so, what is the difference?
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2answers
1k views

What is the User Activated Softfork (UASF) proposal? How do its risks compare to hardforks?

The Bitcoin community is abuzz with discussion about shaolinfry's proposal of a UASF to activate SegWit as an alternative to the Version Bits activation. I've seen frequent and extensive discussion of ...
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2answers
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What is block weight and how is it different from block size?

While reading about BIP141, I have encountered the following options: Block creation options: -blockmaxweight=<n> Set maximum BIP141 block weight (default: 3000000) -blockmaxsize=<n> ...
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1answer
812 views

After Segwit Activation, what is the largest block size possible?

The code says MAX_BLOCK_SERIALIZED_SIZE = 4000000, but that is actually not a actually consensus rule as stated here: https://github.com/bitcoin/bitcoin/issues/10289 The actual consensus rule is ...
2
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1answer
198 views

Extract lightning network funding transactions with python bitcoin blockchain parser lib

My ultimate goal is to parse funding transactions (as well as channel closes in a later step) from the blockchain. In order to do so I wanted to start with a funding transaction and disect it. ...
7
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1answer
280 views

What are the different upgradeability features in the BIP-Taproot (BIP 341) proposal?

What are the different upgradability features in the BIP-Taproot (BIP 341) proposal? Why are there so many upgradability paths? Is there something an annex can do that a leaf version can't? This ...
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2answers
2k views

How do transaction costs compare between Bech32 addresses and legacy Bitcoin addresses?

Now that Electrum 3 supports Bech32 addresses for segwit, when sending coins to a legacy address are fees higher or cheaper?
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2answers
3k views

How to get addresses from scriptPubKey in segwit transactions?

I'm running through raw transaction data, and I'd like to be able to gather addresses (where possible). So far, I've made this diagram to help me understand when it's possible to figure out addresses ...
15
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1answer
12k views

How to generate SegWit address

How do I generate a SegWit address using Bitcoin Core CLI? Also will I be able to redeem those outputs and send them to a "legacy" address? If so, will this second transaction be accepted by older, ...
7
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1answer
1k views

Will SegWit allow for m of n multisig with very large n and m?

By reading this answer, I understand that in m-of-n multisig addresses, m and n are limited by the maximum size allowed by the P2SH redeemScript (i.e. 520 bytes). However, in this section of BIP141, ...
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2answers
2k views

How does SegWit reduce transaction size, when the signature is simply moved to another part of the transaction?

This video explains that the signature is moved out of the input section and moved to the new one called the witness. From what I can tell, the witness signature is still contained in this transaction ...
6
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1answer
2k views

Generate paper wallet SegWit address

I am trying to generate SegWit paper wallet address from WIF: My WIF is L5mHKZsCLS27nSoGM3RdAwuxjvg7XhJdP25LgqdXe6zF11wpWdbT. I am converting WIF to compressed public key: Compressed public key: ...
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2answers
437 views

What changes did segwit do to minimum transaction fee?

If I understand this correctly, at the beginning, the minimum fee was 0, than it was .0001. Now, I can see that you can enter some really small amounts as fee for the transaction, however, with ...
2
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1answer
999 views

OP_RETURN in a coinbase transaction?

Hey looking at this transaction I'm confused why there are two outputs and why one of them is labelled with OP_RETURN
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1answer
2k views

How to get legacy address and private key from Segwit P2SH address?

I have a Segwit P2SH address (starting with 3...) with the corresponding private key and need to obtain the legacy address (starting with 1...) and the private key. Is this possible?
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2answers
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Where is the Signature stored in a SegWit transaction?

I understand that SegWit makes transaction blockdata smaller, by not storing the signature in the Block, so that can fit more transactions in 1MB. This is because the signature is not anymore stored ...
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4answers
10k views

Are all three Bitcoin address types interoperable (legacy, segwit, native segwit)?

is it possible to send transactions back and forth between all 3 address types (legacy, segwit, native segwit-bech32)? Or is one of them not able to send to another?
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1answer
635 views

Redeem script. script hash, witness script and witness program

I have a little confusion about naming in Bitcoin. Redeem script is the conditions that will be satisfy. For example P2PKH inside P2SH OP_DUP OP_HASH160 <PubKHash> OP_EQUALVERIFY OP_CHECKSIG ...
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2answers
209 views

How can Segwit increase transaction throughput if the same amount of data is stored in the blockchain?

I'm posting this after reading the answers to this: Where is the Signature stored in a SegWit transaction? I've found out from reading that, that in Segwit, the "witnesses" (or signatures) that ...
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2answers
282 views

Is there a reason big Bitcoin companies wouldn't use only SegWit transactions?

As I understand, SegWit allows anyone to create a SegWit address where they can send their bitcoins and transact from that wallet just as easily as they would with a traditional address. The SegWit ...
3
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1answer
421 views

how to get address from transaction with empty ScriptSig?

look here https://blockchain.info/tx/d4223672c9043c17a2775abde858778fca38b53152e165757188ab747850770e why does address start with bc1q... ? Is it some standart? How can I derive this value from ...
2
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1answer
681 views

How can a third party spend BCH accidentally sent to a BTC address?

I transferred BCH to an Electrum wallet address and haven't ever received it because Electrum uses only BTC. As I have been trying to recover it, I looked up the transaction on explorer.bitcoin.com ...
2
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1answer
477 views

What is ment by the "value of the output spent by this input" in BIP 143?

I'm looking into BIP 143 and I'm confused by item 6 in the specification of the transaction digest algorithm. It says: The item 6 is a 8-byte value of the amount of bitcoin spent in this input. I ...
12
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1answer
4k views

With 100% segwit transactions, what would be the max number of transaction confirmation possible on a block?

With 100% segwit transactions, what would be the max number of transaction confirmation possible on a block? And, how many utxo can be updated by a block full of segwit transactions?
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1answer
8k views

Difference between a SegWit address and a P2SH address

Let there be an address 3ABCDEFGHJKDJHDH.... How can I understand if it's a SegWit address or a MultiSig address?
4
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1answer
1k views

Redeem script for segwit addresses

How does one derive the Redeem Script for the new Pay-to-Witness Pubkey Hash addresses? With existing P2SH it's revealed after providing N number of Public Keys through a createmultisig function in ...
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2answers
430 views

How thoroughly has Segregated Witness been tested?

I've encountered claims that Segregated Witness was "not really tested" and is being "rushed". It is my understanding that SegWit had been running on Elements for more than half a year already, and ...
6
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1answer
779 views

Transaction verification by miner VS full node with & without SegWit

I'm trying to fill a few gaps in my understanding of transaction verification and would appreciate any insight. Without SegWit Miners broadcast new blocks which contain the signature(s) with every ...
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3answers
3k views

Calculate Segwit address from public address

I would like to calculate the segwit address of a public address. First step: take the compressed public address: 1L88S26C5oyjL1gkXsBeYwHHjvGvCcidr9 do a sha256 on that address: ...
6
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1answer
905 views

What exactly is hashed and signed in a segwit transaction

I have an unsigned raw segwit transaction on my regtest network: ...
5
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2answers
309 views

Can unupgraded nodes that accept zero confirmation be fooled after SegWit?

Considering the following scenario: After deployment of SegWit, there remain two old clients (with software that is unaware of SegWit) A & B. A funds a transaction to pay B using a SegWit ...
5
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1answer
2k views

How does Segwit prevent ASICBOOST?

I know that ASIC BOOST exploits the fact that the blockheaders are not a multiple of 64 bytes, but what is the change in Segwit that prevents this? Are they always a multiple of 64 bytes now for ...
3
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1answer
2k views

How to generate a native Segwit address and P2SH Segwit address from a standard WIF?

Can I have the steps to generate a native Segwit address from a standard WIF? And the steps to generate a P2SH Segwit address from the same WIF? How do these two formats differ and why are there two?...
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2answers
292 views

Which kinds of transactions show quadratic signature-hashing scaling?

It has been stated: A major problem with simple approaches to increasing the Bitcoin blocksize is that for certain transactions, signature-hashing scales quadratically rather than linearly. https:/...
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1answer
300 views

Segregated witness soft fork: how is the funding Tx made "ANYONECANSPEND"

Reading the BIP: https://github.com/bitcoin/bips/blob/master/bip-0142.mediawiki I see that the scriptPubKey in a transaction that funds a segwit redemption is the same as a normal P2PKH but merely ...
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2answers
3k views

What the difference between old segwit (3) and new segwit address (bc)?

i'm not that kind of person who understands cryptography and math, can you tell me simply the main purpose of new segwit address? are transactions fee the same for new segwit (bc1)? instead of "Old ...
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2answers
3k views

P2WSH, witness_v0_scripthash: how to derive an address

Is there an address associated with P2WSH scripts? for testnet txid =6717c8971dccbf826790efc16fb357f1e225fed3448247b8556c9f13a6c0ce42, i get: "vout": [ { "value": 0.05994165, "n": 0, ...
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2answers
1k views

Birthday attack on P2SH

The Segwit Benefits document has this to say about P2SH security for base transactions: Multisig payments currently use P2SH which is secured by the 160-bit HASH160 algorithm (RIPEMD of SHA256). ...
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4answers
3k views

Vanity address generation for Segwit?

Vanity address generation is currently strightforward for "old" Bitcoin addresses (starting with 1) with multiple software options available (oclvanitygen e.t.c). Is there any options to generate ...
4
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1answer
1k views

What does "NODE_WITNESS (12)" mean as it is shown in bitnodes.21.co?

I'm running a pruned full node of bitcoin core version 0.14.0 and checking on https://bitnodes.21.co/nodes/ I can see that my node was labelled "NODE_WITNESS (12)" unlike of the others nodes shown, ...
3
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1answer
183 views

Get public or private key from address with C-lightning

I'm studying Lightning network and I use c-lightning. I can Get a new address with newaddr method, but I can't find private key. My address is bcrt1qmckts70jsq2u5886lgcq2yn7xjmp97t09zlrg, how can I ...