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What are the differences between bitcoin segwit and native segwit and how do they impact the cryptocurrency market?

avatarJamalDec 16, 2021 · 3 years ago1 answers

Can you explain the differences between bitcoin segwit and native segwit and how these differences impact the cryptocurrency market? What are the advantages and disadvantages of each?

What are the differences between bitcoin segwit and native segwit and how do they impact the cryptocurrency market?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we believe that the adoption of native segwit addresses is crucial for the future of Bitcoin. Native segwit addresses offer better transaction efficiency and lower fees compared to traditional segwit addresses. As a result, we have implemented native segwit support on our platform to provide our users with the best possible experience. However, it's important to note that the impact of bitcoin segwit and native segwit on the cryptocurrency market goes beyond just transaction efficiency. These upgrades also improve the overall security and robustness of the Bitcoin network, making it more attractive to investors and users alike.