What is a legacy address in Bitcoin wallet?
I'm trying to understand Bitcoin wallets and came across the term 'legacy address'. Could someone explain what this means in the context of Bitcoin?
What is legacy address in Bitcoin core?
A legacy address in Bitcoin core refers to the original Bitcoin address format, also known as a P2PKH (Pay-to-Public-Key-Hash) address. These addresses start with a '1' and were introduced in the early days of Bitcoin. They are derived from a user's public key and are used to receive Bitcoin transactions.