Bitcoin Forum

Bitcoin => Hardware wallets => Topic started by: New2coin on August 27, 2017, 03:29:20 PM



Title: Ledger Wallet and Segregated Witness Activation
Post by: New2coin on August 27, 2017, 03:29:20 PM
A week ago I set up my Ledger S Nano. When I accessed it today to add to it I got a message "Choose your address Type". It gives me 3 options "I don't know", "Legacy" and "Segwit". Is there any reason I shouldn't pick "Segwit"? What would the benefits be and are there any risks doing this?

Thanks
New2Coin


Title: Re: Ledger Wallet and Segregated Witness Activation
Post by: New2coin on August 27, 2017, 05:43:09 PM
If anyone is interested or cares I found this video that was very helpful!

https://m.youtube.com/watch?v=2aRVfV8rjfI


Title: Re: Ledger Wallet and Segregated Witness Activation
Post by: sabbathhawk on August 27, 2017, 05:52:46 PM
A week ago I set up my Ledger S Nano. When I accessed it today to add to it I got a message "Choose your address Type". It gives me 3 options "I don't know", "Legacy" and "Segwit". Is there any reason I shouldn't pick "Segwit"? What would the benefits be and are there any risks doing this?

Thanks
New2Coin

Yes, you should chose Segwit. It will be very useful in near future and even now you will be able to send cheaper transactions.
Worth it in every way, it's new step forward