bitcoin_beginners

Full list of Bitcoin address prefixes

italiansatoshi

To myself. I think one source of confusion is this. Please correct me if I'm wrong about this.


| Address | Type | Functional difference |
|---------|-----------|----------------------------------------------------------|
| bc1 | (Bech32) | Prefix bc1 are output addresses that are not commonly used to store funds in a wallet, but may be used in transactions. |
| bc1q | (Segwit) | Prefix bc1q are output addresses that are commonly used to store funds and uses a simpler algorithm providing more flexibility to the end-user. |



Address	Type	Functional difference
bc1	(Bech32)	Prefix bc1 are output addresses that are not commonly used to store funds in a wallet, but may be used in transactions.
bc1q	(Segwit)	Prefix bc1q are output addresses that are commonly used to store funds and uses a simpler algorithm providing more flexibility to the end-user.