I am just exploring other boards to get some additional idea about bitcoin and found some terms like Segwit and Legacy wallet, what does it mean? And how it works?
Please give me some of your idea about it.
Thanks
As far as my understanding goes SegWit changes transaction message structure in order to move signature and deny malliability (possebility of transaction ID tampering). This change does not affect previous transactions (i.e. old format will still work). However since old versions of software don't know about new rules thew won't be able to generate or rebroadcast segwit transactions. But (I'm not compleately sure about that) legacy wallet will still be able to sync with current blockchain.