From 36209965b95cd7634e4265116a508180d4b94786 Mon Sep 17 00:00:00 2001 From: Shannon Appelcline Date: Wed, 15 Jul 2020 14:09:00 -1000 Subject: [PATCH] corrected nested segwit definition --- 03_3_Setting_Up_Your_Wallet.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/03_3_Setting_Up_Your_Wallet.md b/03_3_Setting_Up_Your_Wallet.md index d79938f..89d09ad 100644 --- a/03_3_Setting_Up_Your_Wallet.md +++ b/03_3_Setting_Up_Your_Wallet.md @@ -44,7 +44,7 @@ SegWit simply means "segregated witness" and it's a way of separating the transa There are two addresses of this sort: -> :book: ***What is a P2SH-SegWit (aka Nested SegWit, aka P2WSH) address?*** This is the first generation of SegWit. It wraps the SegWit address in a Script hash to ensure backward compatibility. The result creates transactions that are about 25%+ smaller (with corresponding reductions in transaction fees). +> :book: ***What is a P2SH-SegWit (aka Nested SegWit) address?*** This is the first generation of SegWit. It wraps the SegWit address in a Script hash to ensure backward compatibility. The result creates transactions that are about 25%+ smaller (with corresponding reductions in transaction fees). > :book: ***What is a Bech32 (aka Native SegWit, aka P2WPKH) address?*** This is the second generation of SegWit. It's fully described in [BIP 173](https://en.bitcoin.it/wiki/BIP_0173). It creates transactions that are even smaller but more notably also has some advantages in creating addresses that are less prone to human error and have some implicit error-correction beyond that. It is *not* backward compatible like P2SH-SegWit was, and so some people may not be able to send to it.