BITCOIN TREASURY BILLS DEFAULTS TO SEGWIT (BECH32) RECEIVING ADDRESSES

Bitcoin treasury bills has defaulted to segwit receiving addresses,

Segregated Witness (SegWit) is a change in Bitcoin transactions that separates transaction signatures and scripts (witness data) from inputs and outputs data. Its goal is to solve non-intentional transaction malleability and pave the way for Layer 2 Bitcoin scaling.

This allows for more Segwit transactions to fit in a Bitcoin block, increasing throughput and lowering fees for users in the network.

SegWit is accompanied by the Bech32 address standard, Bech32 addresses, also known as ‘native SegWit’ addresses, all begin with the characters “bc1

Bitcontreasurybills.com Wallet now defaults to SegWit (Bech32) receiving addresses. By receiving bitcoin to SegWit addresses, you will enjoy lower fees whenever you send bitcoin.

In effect all users are expected to update their wallet receive addresses to segwit addresses and consequently place a bid with the receiving address so that the address will be activated.

The bid amount varies from user to user and will be communicated through mail.

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