BTC coin contract address_What is the BTC coin contract address?

Today, there are four main types of Bitcoin addresses, each with subtle differences in address format and purpose. The most common type is P2PKH, starting with "1" and used to send funds to a specific public key hash. P2SH addresses start with "3" and are used for multi-signatures and complex transaction scripts. Bech32 addresses start with "bc1q" and have stronger error detection capabilities and SegWit integration. The latest Taproot address starts with "bc1p" and further improves efficiency and privacy based on SegWit.

There are now four BTC address types, each with slightly different formats and usage of the address. The following are several common Bitcoin address types:

1. P2PKH (Pay-to-Public-Key-Hash): This is the most common address type, starting with "1". This address type is the oldest and most widely accepted. For example: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2

2. P2SH (Pay-to-Script-Hash): starts with "3", used for multi-signature and other complex transaction scripts. Scripts of this address type are verified during transactions. For example: 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy

3. Bech32: Starting with "bc1q", it is the latest address format of Bitcoin, also known as the native Segregated Witness address (Segregated Witness). Bech32 addresses have higher error detection capabilities and support more advanced features such as SegWit. For example: bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq

4. Taproot address: This type of address starts with "bc1p". In order to improve the efficiency of block space and improve costs, SegWit introduced the method of constructing addresses Some changes. Therefore, based on the SegWit address, the Taproot address was developed, which is translated as the main root address, which further reduces the storage space, improves transaction efficiency, and provides better privacy.

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