Cryptocurrency Q&A
What happens if I send Bitcoin to a SegWit address?
What happens if I send Bitcoin to a SegWit address?
FireFlyer
Sun Dec 01 2024
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6 answers
1421
I'm wondering about the process and possible outcomes of sending Bitcoin to a SegWit address. I want to know what happens after the transaction is initiated.
6 answers
Bianca
Tue Dec 03 2024
SegWit transactions are known for their smaller size.
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CryptoChieftain
Tue Dec 03 2024
This is because they utilize a different format that is more efficient in terms of data utilization.
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DondaejiDelightfulCharmingSmile
Mon Dec 02 2024
When compared to Legacy addresses, SegWit addresses often result in transactions that occupy less block space.
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CryptoWanderer
Mon Dec 02 2024
Even when the size of a SegWit transaction is equivalent to a Legacy one, it effectively uses less space.
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AmyDavis
Mon Dec 02 2024
This is due to a distinct calculation of 'weight' within the block.
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