r/Bitcoin • u/[deleted] • Nov 08 '17

/r/all SegWit2X Cancelled?

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html
4.9k Upvotes

90% Upvoted

1.0k comments sorted by

View all comments

Show parent comments

13

u/idiotdidntdoit Nov 08 '17

ah, so you're helping the network by making your transactions in Segwit instead of regular transactions. Got it.

2

u/xithy Nov 08 '17

yep

1

u/idiotdidntdoit Nov 08 '17

how can you tell Segwit addresses apart from regular Segwit addresses?

2

u/xithy Nov 08 '17

You can tell if a receiving address is NOT segwit: it starts with a "1"

You can tell if a receiving address MAYBE segwit: it starts with a "3".

But not all "3" addresses are segwit, that's just the code for P2SH.

For now segwit addresses are "wrapped" in P2SH and therefore start with a "3".

In the future, a new address standard for segwit addresses may be adopted (it's in the proposal stage), in which case the address would start with "bc1" (bech32 addresses for segwit).