Why do some Bitcoin addresses start with bc1p, while others start with bc1q? What’s the difference?
First, what it is: The Taproot upgrade, a soft fork, took effect on November 14, 2021, at block height 709632.
The logic behind it: Taproot improves privacy because when spending via the usual path, complex scripts such as multisig and ordinary single-signature payments are difficult to distinguish on-chain. Onlookers can’t tell that other conditions are hidden behind the payment.
The Taproot address for $BTC starts with bc1p, unlike SegWit addresses that start with bc1q.
Every potential return comes with corresponding risks, so take a close look at the worst-case scenario.
Whether to buy is up to you; this is just a record.
First, what it is: The Taproot upgrade, a soft fork, took effect on November 14, 2021, at block height 709632.
The logic behind it: Taproot improves privacy because when spending via the usual path, complex scripts such as multisig and ordinary single-signature payments are difficult to distinguish on-chain. Onlookers can’t tell that other conditions are hidden behind the payment.
The Taproot address for $BTC starts with bc1p, unlike SegWit addresses that start with bc1q.
Every potential return comes with corresponding risks, so take a close look at the worst-case scenario.
Whether to buy is up to you; this is just a record.
