Bitcoin Forum
January 18, 2018, 06:45:01 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Why SW addresses start with BC1? Instead of B1 or BTC1?  (Read 487 times)
johnscoin
Member
**
Offline Offline

Activity: 105


View Profile
June 24, 2017, 08:46:03 AM
 #1

I have searched a lot, and could not find any reasonable explanation.

As for me, "BC1" would be much more anti-intuition and less user-friendly than "B1" or "BTC1".

Is there any technical reason behind Core's decision that we must use "BC1" SW addresses?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
achow101
Moderator
Legendary
*
Offline Offline

Activity: 1288


38A35VNc17P7fenEDkLvkTMppwLwTeEeT7


View Profile WWW
June 24, 2017, 04:07:28 PM
 #2

First of all, this is not "Core's decision". Bech32 was not created by "Core" and has not yet been adopted and implemented by the other developers of Core. It is the proposal of a few people who work on Core but they are not and do not represent Core.

This is all explained in the BIP here: https://github.com/bitcoin/bips/blob/master/bip-0173.mediawiki#rationale
Quote
Why use 'bc' as human-readable part and not 'btc'? 'bc' is shorter.

johnscoin
Member
**
Offline Offline

Activity: 105


View Profile
June 25, 2017, 02:47:51 AM
 #3

First of all, this is not "Core's decision". Bech32 was not created by "Core" and has not yet been adopted and implemented by the other developers of Core. It is the proposal of a few people who work on Core but they are not and do not represent Core.

This is all explained in the BIP here: https://github.com/bitcoin/bips/blob/master/bip-0173.mediawiki#rationale
Quote
Why use 'bc' as human-readable part and not 'btc'? 'bc' is shorter.

I have read that explanation before. So that's exactly my question. Now that "B1" is even shorter and distinguishable, why they chose "BC1“? Was there any technical reason? I read that BIP again and could not find any other explanation.

BTW, now that that BIP was proposed by Blockstream, it's extremely likely that it will gain "consensus", sooner or later. However, the blockstream-style logic always sounds weird to me.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!