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Title: Compare fee : Bech32 & P2SH Post by: hugeblack on February 21, 2018, 09:50:53 AM Technically, is there any difference between Bech32 "BIP_0173 (https://github.com/bitcoin/bips/blob/master/bip-0173.mediawiki#Bech32)" and P2SH "Pay to script hash/transactions to be sent to a script hash" segwit Transactions?
Why do some say that the transactions fee using Bech32 will be cheaper than P2SH? Title: Re: Compare fee : Bech32 & P2SH Post by: LoyceV on February 21, 2018, 10:47:38 AM A lazy quote as answer:
A typical transaction of one input, two outputs is 226 bytes legacy, 166 vbytes P2SH-P2WPKH segwit (27% less), 141 vbytes pure bech32 P2WPKH segwit (38% less). If you have many inputs, the savings are larger (and less for many outputs). For 10 input, 1 output legacy is 1515 bytes, 953 vbytes P2SH-P2WPKH (37% less), and 722 vbytes P2WPKH (52% less). Multisignature transactions benefit even more. Multiinput 2 of 3 multisignature transactions in bech32 P2WPKH segwit are 75% smaller. |