Post
Topic
Board Bitcoin Discussion
Re: Just lost $4000 because of addresses starting with "bc1p"
by
Guessti
on 20/12/2022, 14:56:23 UTC
--snip--
Address types:
- Legacy: start with 1
- Nested Segwit: start with 3
- Native Segwit (also called as Bech32): start with bc1q
- Taproot (also called as Bech32m, a variant of Bech32): start with bc1p

Address starts with 3 can represent various things though, such as multi-signature address or any custom spending condition.

Thanks a lot whoever thought it was a good idea to have "bc1p" on every address.  Embarrassed Angry Huh


Check BIP 173.

I'm with the OP, I don't know who came up with it but it doesn't seem like a good idea.

Would you rather see address with prefix 4 (for segwit) or 5 (for taproot) instead which likely already used by altcoin? I've read bech32 specification, so i believe it's better option on long term.

I don't understand, what was the point of changing it or adding all this crap?

What the hell was wrong with just keeping addresses the way they were already?  Huh

What is the purpose, I don't get it.