What are the differences between native segwit and other types of segwit in the context of cryptocurrencies?

3 answers

• Dec 16, 2021 · 3 years ago
  Native segwit is like the cool kid on the block. It's got lower fees, better security, and a fancy new address format. Other types of segwit, like P2SH-segwit, are more like the old folks trying to keep up. They offer some fee reductions and security improvements, but they're not as hip as native segwit. So, if you want to save on fees and beef up your security, go native!
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• Dec 16, 2021 · 3 years ago
  Native segwit is the latest and greatest when it comes to segwit. It's like the iPhone X of the cryptocurrency world. It has lower fees, faster confirmations, and better protection against certain types of attacks. Other types of segwit, like P2SH-segwit, are more like the iPhone 8. They're still good, but they don't have all the bells and whistles of native segwit. So, if you want the best of the best, go native!
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• Dec 16, 2021 · 3 years ago
  Native segwit, also known as bech32 addresses, is a newer type of segwit that offers lower transaction fees and improved security compared to other types of segwit. It uses a different address format and is not backward compatible with older wallets and exchanges. Native segwit reduces the size of transactions, resulting in lower fees and faster confirmations. It also provides better protection against certain types of attacks, such as transaction malleability. However, the adoption of native segwit is still limited due to the need for wallet and exchange support. Other types of segwit, like P2SH-segwit, offer some benefits but may not provide the same level of cost savings and security improvements as native segwit.
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