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.
SegWit Explained: How Bitcoin’s Upgrade Cut Fees
SegWit (Segregated Witness) reorganized bitcoin transactions by separating signatures, boosting block capacity, cutting average fees, and fixing malleability to support second-layer scaling.
Understanding SegWit: Bitcoin’s Key Scalability Upgrade
SegWit, or Segregated Witness, reshapes bitcoin transactions by separating signatures from main data. This upgrade improves scalability, lowers fees, and mitigates transaction malleability.