How do bitcoin address types differ from each other?

1 answers

• Nov 24, 2021 · 3 years ago
  Bitcoin address types can be a bit overwhelming, but don't worry, I've got your back. P2PKH addresses start with a '1' and are the traditional type that most people use. P2SH addresses start with a '3' and are used for more complex transactions, like multi-signature wallets. Bech32 addresses start with 'bc1' and are the newest and most efficient type. They offer better error detection and lower fees. Each address type has its own strengths and weaknesses, so it's important to choose the right one based on your specific needs. Now you're ready to rock the world of bitcoin addresses!
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