Understanding bc1: The New Bech32 SegWit Address Format
The bc1 address format is a Bech32-encoded SegWit standard that improves error detection, reduces fees, and enhances compatibility, marking a key step in bitcoin address evolution.
Understanding Bitcoin’s New bc1 Bech32 SegWit Addresses
bitcoin’s new bc1 Bech32 SegWit addresses improve efficiency and security by reducing transaction fees, lowering error rates, and enabling better scalability for the network.