January 26, 2026

Capitalizations Index – B ∞/21M

Bitcoin Addresses Starting with ‘1’ Use Older P2PKH Format

Bitcoin addresses starting with ‘1’ use older p2pkh format

bitcoin addresses that begin with the digit “1” are the original, ⁢legacy ​address format used on the bitcoin network and implement the Pay-to-Public-Key-Hash ⁢(P2PKH) script type. These addresses were the default in bitcoin’s early years ⁢and remain valid‍ and widely accepted by wallets and services, but they ⁣are considered‍ legacy compared with ⁢newer address standards. Modern wallets increasingly use SegWit-based formats (for example,P2WPKH and bech32 addresses) and other BIP-defined ⁣schemes to improve efficiency,lower fees,and reduce transaction malleability ⁤ [[3]](3), [[2]](2). This article explains what makes “1”-prefixed P2PKH addresses distinct, how they work at‌ a technical⁤ level, the practical implications for compatibility, fees, and privacy, and when users and services should consider migrating ​to newer​ address types.

Understanding bitcoin addresses that start with one and Pay to Public ‌Key Hash fundamentals

Addresses that begin with the digit “1” are the original bitcoin address form known as Pay to Public Key Hash (P2PKH). They are encoded with Base58Check and use a version byte of 0x00, which is why the human-readable ⁣portrayal starts with⁢ “1”.The spending script behind these addresses ⁤follows the classic pattern: OP_DUP OP_HASH160 OP_EQUALVERIFY OP_CHECKSIG, where the public key hash is 20 bytes (160 bits). ‍this legacy format is widely ‍recognized ‍and remains valid on the bitcoin network, but it does not ⁢provide some of the size and fee advantages introduced by later address types.

  • Script type: P2PKH (legacy)
  • Address prefix: Base58Check leading “1”
  • PubKey hash length: 20 bytes (160 bits)
  • Compatibility: Universally supported by older and many modern wallets, though newer wallets may prefer ⁢SegWit formats
  • Tradeoffs: Larger transaction⁢ size and higher fees compared with SegWit-based outputs

Hierarchical Deterministic (HD) wallets and modern wallet standards were designed to manage multiple address formats (legacy and newer⁣ types) in a structured way ​so ‍users can derive‍ and organize addresses reliably across devices and applications [[1]]. that compatibility layer explains why many wallet ⁢implementations still generate and accept “1”-prefixed addresses even as the ​ecosystem shifts toward SegWit and‌ bech32 styles.

Format Prefix Typical script
P2PKH 1… OP_DUP‌ OP_HASH160 OP_EQUALVERIFY OP_CHECKSIG
P2SH 3… OP_HASH160