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Ethereum Separated Witness (SEGWIT) to inherited address: mixed bitcoin bip
The transition from the Ethereum from the initial mechanism of the evidence to a new system of evidence called Segwit has caused a widespread speculation about the potential impact on the wider Blockchain ecosystem. One main aspect of this transition is the processing mode shift and the examination of the operations: from hereditary addresses to SEGWIT addresses.
inherited addresses and inherited operations
For those who are not familiar with Ethereum’s local crypt -white, Bitcoin (BTC), hereditary addresses are the default format of the address used on Ethereum from the beginning. These addresses consist of a hexagonal 44 -character series followed by 0x, making them equal traditional Bitcoin wallet addresses such as 1L3R9Z1Q5Y7SMF6H4IZ8Y5T2HDDP9J1W.
But 2018 At the beginning of the 19th century, the Ethereum community introduced Segwit, a new solution for scaling 2 layer 2, for network operation and congestion. Segwit was built on the top of Bitcoin Blockchain and allows you to perform surgery processing, lower taxes and increased scale faster.
SEGWIT to the inherited transition address
If you have a SegWit address that you can create using tools such as Etherscan or Coinbase and you want to send BTC to exchange that support only inherited addresses, the answer is no. You can’t transfer funds directly from your Segwit address to you for Exchange.
The reason is like Ethereum’s local Bitcoin local token is presented by its Blockchain. When the operation is sent from one SEGWIT address to another (ie Ethereum network), it uses a unique bag of bag called Block Hasha. These Hashe blocks are used to recognize and check Blockchain operation.
Inherited addresses associated with a Block of the Bag
Inherited addresses, on the contrary, use a fixed hexadecimal 44 -character line, followed by 0x for each address. However, these lines do not correspond to any specific operations data or noise block. Instead, they are a unique sender identifier and the recipient of the funds.
To send BTC from your SEGWIT address to an exchange address that supports only inherited addresses, you will need to find a way to get the right Legacleadger address on Ethereum, which can be used later. It is not as easy as it seems, and there are some restrictions:
- Not all stock exchanges support the BTC from external wallets, including those with SEGWIT addresses.
- Get and send inherited addresses from one wallet to another may require additional steps and check the procedures.
Conclusion
In conclusion, if you have a segwit address and you want to send Bitcoin to exchange that supports only the inherited address, the answer is no. You cannot transfer funds directly from your SEGWIT address to exchange due to the fundamental differences between the SEGWIT addresses and the bagade of the bagade on Ethereum.
Continuing the transition to Segwit, consumers are very important to understand the effects of this change and plan accordingly. So far, it seems that Bitcoin sender will have to rely on alternative payment methods or use a third -party service that supports both inheritance and Segwit addresses.
Recommendations
If you are going to use wallets based on Ethereum or you transfer money from the account using the SEGWIT address, consider the following:
- Use a respected cash service that supports several address formats (Segwit and Legacy).
- Examine and test different payment and exchange methods to find those who support inherited and SEGWIT addresses.
- Know about all the additional inspection procedures needed to get BTC from external wallets.