P2WPKH – Pay-to-Witness-Public-Key-Hash
This hex representation corresponds to the locking script (scriptPubKey) in a Pay-to-Witness-Public-Key-Hash (P2WPKH) output. When a Bitcoin transaction creates an output with this script, it essentially “locks” the funds to the specified conditions. Let’s dissect an example, the following is a hexadecimal representation of a P2WPKH script: Breaking it down: Now, let’s explain each part: […]