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Author Topic: My 2 big reasons why we should use SegWit addresses instead of Legacy addresses  (Read 365 times)
Porfirii
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July 05, 2024, 03:50:44 PM
 #21

There is still another good reason to use legacy addresses, and it is because of vanity addresses. -snip-

I don't think vanity addresses are unique to Legacy addresses, as they can also be created from SegWit addresses. Here are some links to tools that can be used for this purpose:

- VanitySearch (https://github.com/JeanLucPons/VanitySearch)
- Vanitybech (https://github.com/MakisChristou/vanitybech)
- https://github.com/nym-zone/segvan (https://bitcointalk.org/index.php?topic=2934774.0)

Thank you for sharing these tools with us Husna Smiley I will dig more into them this weekend when I have time, because I have always found it interesting but never created one myself before.

Although I didn't explain it right, what I was thinking about is in the case someone wanted to create vanity addresses starting by 1. AFAIK it is not possible to do that with segwit, is it?

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July 06, 2024, 01:23:11 PM
 #22

Using segwit has a lot of benefit like the thread starter say ealier. But for me segwit is everyday choice for me. If you look at the signature campaign most of the manager ask for the segwit one of the reason is cheap on fee especially if you have native segwit.

Second nowadays big exchange already accept deposit from segwit address so the transaction from segwit to segwit address heck binance also accept a lightning network

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July 06, 2024, 02:49:35 PM
Merited by vapourminer (1)
 #23

Second nowadays big exchange already accept deposit from segwit address so the transaction from segwit to segwit address heck binance also accept a lightning network
Since the day segwit addresses came into existence, all exchanges accept deposits from segwit addresses.
Take note that it's possible that a custodial service like an exchange doesn't allow you to withdraw your bitcoin to a certain type address, but they can't prevent you from making a deposit from a certain type of address.

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