Why should cryptocurrency users consider using native segwit instead of segwit?

3 answers

• Feb 18, 2022 · 3 years ago
  One advantage of using native segwit over segwit for cryptocurrency users is lower transaction fees. Native segwit, also known as bech32 addresses, have a more efficient encoding format compared to segwit addresses, resulting in smaller transaction sizes. This means that users who use native segwit can enjoy lower fees when sending or receiving cryptocurrency.
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• Feb 18, 2022 · 3 years ago
  Another reason why cryptocurrency users should consider using native segwit instead of segwit is improved security. Native segwit addresses have a different address format compared to segwit addresses, which makes them less prone to certain types of attacks, such as address reuse attacks. By using native segwit, users can enhance the security of their transactions and protect their funds.
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• Feb 18, 2022 · 3 years ago
  At BYDFi, we highly recommend cryptocurrency users to use native segwit addresses instead of segwit addresses. Native segwit offers both lower transaction fees and improved security compared to segwit. With native segwit, users can enjoy faster and cheaper transactions while ensuring the safety of their funds. Make the switch to native segwit today and experience the benefits it brings to your cryptocurrency transactions!
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