Post
Topic
Board Bitcoin Technical Support
Re: Block Explorer thinks my address is invalid
by
paduser
on 25/05/2018, 21:03:25 UTC
Thanks a lot.

According to the bitcoin wiki I should't use this format until further adoption. Should I crate a new wallet an move my btc over?

"shouldn't" is not the right word to use here.
it is basically about when you want to receive bitcoin payments. for example if you want to cash out from a casino that casino may not support Bech32 address format so you are forced to give them another format (the legacy starting with 1 or 3).

the best solution is that if you are already using a wallet that supports this then use that anywhere that you can so that you can use the benefits of it such as a smaller transaction size hence a lower fee but also keep another wallet so that you can still receive bitcoin in case you encountered a problem like the payer didn't accept Bech32.

I don't think bitcoin wiki would say that... as pooya says it's just advice that you should be prepared that not every service you use will be able to support it yet. It's just as if you've adopted a new format that's not widely supported. No different from upgrading a software for documents in a new format older versions won't be able to read.

I still maintain my original pre-Segwit wallet. But I already find I don't need it as much anymore as my SegWit address. Look forward to using only bech, I'd say 2020 is a good date to target.

That what's written in the wiki

Quote
While this address format has been included in some implementations, as of December 2017, the address format is not recommended for use until more software supports the format.
source: https://en.bitcoin.it/wiki/Bech32

But anyway I will try to use the bench32 + SegWit until I hit an insurmountable resistance. Thanks