Post
Topic
Board Bitcoin Technical Support
Re: Why SW addresses start with BC1? Instead of B1 or BTC1?
by
achow101
on 24/06/2017, 16:07:28 UTC
First of all, this is not "Core's decision". Bech32 was not created by "Core" and has not yet been adopted and implemented by the other developers of Core. It is the proposal of a few people who work on Core but they are not and do not represent Core.

This is all explained in the BIP here: https://github.com/bitcoin/bips/blob/master/bip-0173.mediawiki#rationale
Quote
Why use 'bc' as human-readable part and not 'btc'? 'bc' is shorter.