Bitcoin Q&A: How Does SegWit Bech32 Save on Fees?

What are SegWig Bech32 addresses? Do transactions using this address type have lower fees? Why do they have lower fees?

Chapters
0:00 What are SegWit Bech32 addresses?
2:48 Do transactions using this address type have lower fees? Why do they have lower fees?
3:44 Many wallets don't support native SegWit Bech32 addresses yet

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Andreas M. Antonopoulos is a best-selling author, speaker, educator, and highly sought after expert in Bitcoin and open blockchain technologies. Andreas has written two best-selling technical books for programmers, “Mastering Bitcoin” and “Mastering Ethereum”. He has published “The Internet of Money” series of books, which focus on the social, political, and economic importance and implications of these technologies. He is known for making complex subjects easy to understand and highlighting both the positive and negative impacts these technologies can have on our global societies.

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Translations of THE INTERNET OF MONEY:

[antvids]

This was the clearest answer I found on which wallet to choose. THANK YOU!

[MrAndersJensen]

Andreas. I thank you for your brilliant talks back in the day ❤️

[Ozacostaj]

Clicked here to get bech32 pronounciation, happens at 0:45

[davids]

Hi. My transaction is stuck on the blockchain!!! Says for 2 days now (eta 144 blocks). Can I upgrade the transaction?

[rajtv]

What’s your opinion about blockstream green wallet ?

[pexPredator]

Κυριε Αντωνοπουλε καταρχην χαιρομαι που ενας Ελληνας ηγειτε σε εναν ακομη τομεα.Θα ηθελα να σας ρωτησω, με εκθεση 25% του portofolio στα crypto για το 2020 και το 2021 θα το χαρακτηριζατε κακη διαχειριση?Επισης θα ηταν καλο αν και εφοσων γνωριζεται Ελληνικα να κανετε και ενα βιντεο στην Ελληνικη γλωσσα ωστε να ενημερωσετε τους μη μυημενους και να προφυλλαξεται ή ενθαρυνεται τους ηδη εμπλεκομενους

[northhill]

Andreas, Yia. Question: When I try to get others involved in bitcoin, I sometimes first start by offering to send them some sats of bitcoin. But, they don't have a wallet and I am not face to face with them to help them install a wallet or decide on one. Is there a safe way to send someone bitcoin when they do not have a wallet (in order to encourage them to go get a wallet in order to accept the payment or import the private key of the address to which I sent the satoshis)? Are there any convenient electronic ways via email or the like of doing this? The educational barrier is huge for the non-initiated. So, the larger question is how should we gently initiate some encounter with Bitcoin or other cryptocurrencies for those who are bit reticent?

[HuNuUnU]

Isnt Cardano also about to use Bech32 Address?

[doubler]

Hello Anton! I'd love to hear your take on Cardano. Charles just recently announced they will be using Bech32 address format on the main net version of their Daedalus wallet.

[bacbladerunner]

Hi, Andreas. I have heard that BTC can be sent using XRP. I would love to be able to sent Bitcoin in 4 seconds. How can I do this?

[stripe]

Still trying to justify cripple coin? Lol