Bellscoin Address Types

1. LegacyCopied!

Legacy transactions (Pay-to-Public-Key-Hash, P2PKH) are the original and most commonly used address format.

  • Addresses in this format start with the letter โ€œBโ€.

  • These transactions are less space-efficient, resulting in higher transaction fees.

  • Example address: B9897qixEHarrpVANcTPzuY8FDpPGMGYv1

2. Native SegWit (bech32)Copied!

Native SegWit (bech32) is an improved format designed for better scalability and lower transaction fees.

  • Addresses in this format start with โ€œbel1โ€.

  • It uses Segregated Witness (SegWit) technology to reduce transaction size.

  • Example address: bel1qxdp6v2u0q0tthc67e8sz2t3udykz99yrvpc9t7

3. TaprootCopied!

Taproot is the latest address format, focused on enhancing privacy, scalability, and functionality.

  • Addresses in this format start with โ€œbel1pโ€.

  • It enables signature aggregation, making complex transactions more efficient and cost-effective.

  • Example address: bel1pvfrln36vt2sccyvudc78w686rm9gc6nwgsuw2x4g5d2m70dlccusn2k8um