Changelly

Cryptocurrency

How do the fees for taproot transactions compare to P2WPKH?

1 Mins read


Taproot inputs are smaller but outputs are larger. Specifically, P2WPKH (Native SegWit) inputs and outputs take 68 and 31 vbytes in a transaction, respectively, while P2TR (Taproot) inputs and outputs take 57.5 and 43 vbytes, respectively. In terms of fees this makes Taproot transactions about 1.5% more expensive when you don’t use multisig or scripting.

Source: https://bitcoinops.org/en/tools/calc-size/



Source link

Related posts
Cryptocurrency

Bitcoin Hashrate Rises Despite Price Drop, Mystery Hashpower Returns – Mining Bitcoin News

2 Mins read
Bitcoin’s hashrate has increased a great deal, even after the leading crypto asset’s price slipped below the $50K price zone. Eight days…
Cryptocurrency

6 Questions for Mati Greenspan of Quantum Economics – Cointelegraph Magazine

2 Mins read
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few…
Cryptocurrency

Crypto Conference DeFiCon 2021 to Be Hosted on December 18-19 in Brooklyn, NYC – Press release Bitcoin News

1 Mins read
press release PRESS RELEASE. The next crypto conference lighting up the season is DeFiCon 2021, hosted on December 18-19 in Brooklyn, NYC….

Leave a Reply

Your email address will not be published. Required fields are marked *