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Default Bitcoin Addresses Are Now Longer But Simpler & Cheaper to Use

25 Nov Default Bitcoin Addresses Are Now Longer But Simpler & Cheaper to Use

Posted at 14:03h in Bitcoin News by

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Default Bitcoin Addresses Are Now Longer But Simpler & Cheaper to Use 101
Source: iStock/deepblue4you

The Bitcoin Core client version 0.19.0.1, the last expected version before the anticipated Bitcoin mining reward halving in May 2020, was released this past weekend by the Bitcoin Core developers. Although it contains no major changes, it does come with several interesting speed and security improvements, as well as other modifications.

One of those is that so-called Bech32 Bitcoin (BTC) addresses are now set as the default option. Originally introduced in 2018, Bech32 addresses start with “bc1” and are 15% longer (90 characters in total), but do not differentiate between the uppercase and lowercase letters. The mixed case makes it inconvenient to reliably write down, type on mobile keyboards, or read out loud, while the increased length does not matter when copy-pasting addresses, according to developers that hope that this change will reduce the possibility of human mistakes.

Moreover Bech32 addresses are native SegWit addresses, which allow…

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