← Back to glossary

Address Type

Moderate

The encoding format that determines how a Bitcoin output script is represented as a human-readable string. Common types include Legacy (P2PKH, starting with '1'), Script Hash (P2SH, starting with '3'), and native SegWit (P2WPKH/P2WSH, starting with 'bc1q'). SSP uses P2WSH for its multisig outputs, which is native SegWit and lower in transaction fees than Legacy equivalents.