Difference between P2WSH and P2SH address
For years of Ethereum, two types of intellectual contract storage solutions have been used for years: public key bag (P2SH) and private key bag (P2WSH). Although both types of addresses are designed to safely protect and administer private keys, there is a fundamental difference that has been uniformly confused by developers and consumers.
p2Sh origins
Public key addresses were first entered in 2014. As part of the Bitcoin protocol. They use the SHA-256 cryptographic bag function to create a unique address of each operation. The resulting direction is the combination of the sender’s public key and random bag. This design ensures that each user has the same opportunity to obtain any amount of cryptocurrency, despite their individual private keys.
Private key bags (p2wsh)
In contrast, the addresses of private keys were entered in 2015. As part of the Ethereum protocol. They use the same SHA-256 cryptographic bag function, but keep the private password separately from their public colleague. This means that if you want to recover a private key, it must be stored with the appropriate public address.
Why P2WSH addresses are larger
So why do P2WSH addresses look bigger than their P2SS colleagues? The answer lies in the storage requirements of both types of addresses.
Using the P2SH address, the bag function creates a output that includes not only the sender’s public key but also the private key. This is done to ensure safe and decentralized private keys management. However, this additional information requires more space storage space than one public key.
On the contrary, when the P2WSH address is used, only the sender’s private key is stored along with its public direction. Since the public key requires additional data, the address obtained has a lower storage overload compared to the P2SH address.
Effect on Blockchain Development
This difference in storage requirements can have a significant impact on the development of Blockchain and user experience. For example:
* Increased security : By protecting private keys along with the relevant public addresses, developers can ensure that users have access to the most confidential information.
* Improved comfort : Users can choose the simplicity of P2WSH addresses that require less space for storage and easier to administer.
* Optimized implementation : Creators may need to optimize their blockchain implementation strategies to apply directional differences.
In conclusion, although P2SH and P2WSH addresses use Sha-256 cryptographic bag function to ensure private keys, each type of storage requirements have different effects. By understanding these differences, developers and users can better design and implement intellectual contracts that meet their unique needs of their relevant ecosystems.
As the Ethereum community continues to innovate and improves its blockchain infrastructure, it is very important to recognize and eliminate this fundamental difference between P2SH and P2WSH addresses.