⭐ Merited by hugeblack (10) ,1miau (8) ,BlackHatCoiner (6) ,NotATether (5) ,o_e_l_e_o (4) ,ETFbitcoin (4) ,vapourminer (4) ,DdmrDdmr (3) ,Husna QA (2) ,pooya87 (2) ,PawGo (1) ,vv181 (1) ,Maus0728 (1) ,mole0815 (1) ,Lucius (1)
Content
What is Taproot?
Taproot is a softfork that makes Bitcoin transactions more private, scalable and opens to smart contract functionality. With Taproot (P2TR) transaction, you will save more transaction fee as size of transaction will be smaller.
Transaction fee saving can be like this
How do I know a Bitcoin address is a Taproot address?
Bitcoin Taproot address (bech32m) starts with bc1p. It is a little different than Native Segwit address (bech32) that begins with bc1q. Remember the minor difference with p for Taproot and q for Segwit.
Other address types
Short Bitcoin Taproot explainer
Wallets that support Taproot
Check in Bech32 adoption
Software wallets
Hardware wallets
Web wallets
Exchanges
Payment processors
Block explorers, Mining pools, please get details in Bech32 adoption
Create Taproot address for your Bitcoin
There are some non-custodial wallets that support Taproot.
Can you receive or send your Bitcoin with Taproot address
Reference
- What is Taproot?
- How do I know a Bitcoin address is a Taproot address?
- Wallets that support Taproot
- Create Taproot address for your Bitcoin
- Can you receive or send your Bitcoin with Taproot address
- Reference
What is Taproot?
Taproot is a softfork that makes Bitcoin transactions more private, scalable and opens to smart contract functionality. With Taproot (P2TR) transaction, you will save more transaction fee as size of transaction will be smaller.
Transaction fee saving can be like this
- With Legacy address (1): most expensive
- With Nested Segwit address (3): medium saving
- With Native Segwit address (bc1q): average saving
- With Taproot address (bc1p): most saving
How do I know a Bitcoin address is a Taproot address?
Bitcoin Taproot address (bech32m) starts with bc1p. It is a little different than Native Segwit address (bech32) that begins with bc1q. Remember the minor difference with p for Taproot and q for Segwit.
Other address types
- Legacy (P2PKH): starts with a 1.
- Nested SegWit (P2SH): starts with a 3.
- Native SegWit (bech32): starts with bc1q.
- Taproot (P2TR): starts with bc1p.
Short Bitcoin Taproot explainer
Wallets that support Taproot
Check in Bech32 adoption
Software wallets
Hardware wallets
Web wallets
Exchanges
Payment processors
Block explorers, Mining pools, please get details in Bech32 adoption
Create Taproot address for your Bitcoin
There are some non-custodial wallets that support Taproot.
Can you receive or send your Bitcoin with Taproot address
- Receiving: you can use any Bitcoin address type to receive Bitcoin from any other Bitcoin address type.
- Sending: it depends on your wallet software, exchange, platform. If they support to send Bitcoin to Native Segwit (Bech32, start with bc1q) or Taproot (Bech32m, start with bc1p), you will be able to send your Bitcoin to these address types. If they don't support it, you can not make such sending. Their softwares will reject your withdrawal request.
Reference