What is benefit to use Bech32 address?

What is benefit to use Bech32 address?

Today, I saw a release note that from new client which is Bitcoin Core 0.16.0

The note says "Full support for native segwit addresses (BIP173 / Bech32) has now been added."

I would like to know how it is different from P2SH?(I was able to use it through addwitnessaddress command in Bitcoin Core)

And is it acceptable to transfer BTCs to B3ch32 address from legacy address?(And is it also backward-compatible address?)

I would appreciate it if you could explain it for not-so-tech guy.

Thank you.

http://ift.tt/2CIdo3e

Comments

Popular posts from this blog

Bitcoin Core errors with database block

Bitfinex & Market Synergy To Offer Institutional Calibre Cryptocurrency Connectivity