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Electrum Bitcoin Wallet -

I added the same seed phrase to Electrum and it shows only the transaction SegWit addresses. The difference between segwit and legacy is that segwit wallets will have bech32 addresses that begin with ‘bc1’. These are a newer type of address that not everyone supports sending to yet so I recommend going with a legacy wallet instead. The most visible difference between Legacy and SegWit addresses are the address formats.

Electrum segwit or legacy

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Support for native Segwit transactions is in the works. However, this is not needed for normal operation, even now that the Segwit soft fork has activated. What is the Seed? Electrum-LTC uses a 128-bit random seed to generate your private keys. The seed can be represented as a 12-word mnemonic code.

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All three addresses can be used to send and receive bitcoin. My issue: should Electrum be able to handle a single wallet which supports SegWit and Legacy addresses seamlessly, the same way the Coinbase and Coinomi wallet do? No, this is not implemented. It is the view of this project that in general it is not safe due to long term compatibility (of seed words) to do what Coinomi (and Coinbase apparently) does.

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Electrum segwit or legacy

It is annoying every time you want to change the type of receiving address format in Electrum to have to use the seed in "new/restore" [and expose the wallet to risk since it will expose the seed again] and change the only way to use the type of address format we want, while in other wallets also known use the three address formats: "legacy, "p2wpkh-p2sh-segwit" and "p2wpkh-bech32-native Before we describe how to create a SegWit Bitcoin address, you should know that there are two main reasons why you should do it. First of all, as an innovative exchange platform, we want to show our support to the SegWit adoption and therefore every BTC withdrawal done to a bech32 address will reduce the CoinDeal withdrawal fee by half. Basic Bitcoin Electrum Wallet Command.

Electrum segwit or legacy

Ultimately, it is up to you.
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Electrum segwit or legacy

Das Legacy-Adressformat (P2PKH) P2PKH, genannt Legacy-Format, war die erste und ursprüngliche Form der Bitcoinadressen und steht für “ Pay-to-Public-Key-Hash “, also die Zahlung an einen Hash des öffentlichen Schlüssels des Empfängers. Mobile SegWit Wallets Electrum. The Electrum wallet has been around since 2011. It is very well-respected in the Bitcoin community and is an open-source technology implementing SegWit.

SegWit address means that you will be using addresses starting from 3… or bc1 … (one is for The most visible difference between Legacy and SegWit addresses are the address formats. There are three address types: Legacy (P2PKH): addresses start with a 1. Nested SegWit (P2SH): addresses start with a 3.
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is going to be cheaper than if you did it using old/legacy BTC address an Electrum desktop app and use it to create a BTC wallet supporting Seg Jan 20, 2018 A lot of newbies in the cryptosphere using Ledger Nano S are asking whether they should move on to Legacy or Segwit on Ledger's Bitcoin  Using a legacy address is pointless as it simply means slower confirmations and higher fees. SegWit, the protocol upgrade, which is also an increase […]. Electrum's focus is speed and simplicity, with low resource usage. It uses remote servers that handle the Legacy Addresses. information. ×. Legacy Addresses:.