I have no technical knowledge of how bitcoin addresses are forms, but then, several a times, I've also come across some address that seem or are actually longer than others, but the fact is, whether or short address, they work as Bitcoin address and that's what's most important.

And by the way, I was doing a little research on your question, and I came across an article on cointelegraph with this paragraph quoted below..

 
You can see the part I highlighted with a bold text, maybe that answers your question.
And you can read the whole article HERE, If you are interested in knowing more about bitcoin addresses and their types, there is alot you can learn from the article.

The address in question is a taproot address. All taproot addresses (those that start with bc1p) are 62 characters long.
It may worth mentioning that P2WSH addresses (such as multi-signature native segwit addresses) include 62 characters too.

If silent payment addresses are regarded as bitcoin addresses, they are 116 characters long.

All bitcoin addresses are safe. Be it start from 1, 3, or bc1. Silent payment addresses starts from sp1.

How you protect your seed phrase and private keys are part of what that guarantee you coins safety.

bc1 can be for:

P2wpkh which have 42 characters
P2wsh which contain 62 characters
P2TR which contain 62 characters

Absolutely, you are very correct, since Seed phrase and private key are usually the gateway to the entrance of all Bitcoin wallets.


Thanks for the detailed explanation Boss, because not until today I never knew bc1 Segwit wallet address was subdivided into these 3 categories given above, and on that note, I look forward to making more personal research about it for my understanding.

This is the first time i have seen the Silent payment topic, it's totally new for me.

I have no idea at all about how they work, but it looks like there is a lot of information about it, and the technical details are on the BIP 0352, i will leave the link for those who want to learn about it:

https://en.bitcoin.it/wiki/BIP_0352

The address from silent payments is long as hell, we are talking about 116 chars. So, it is worth to learn all about this implementation.

I Read somewhere that it could be 32 to 64 characters. No matter what happens, I think it will be verified using checksums If the address is valid. At least now you know it could be validated when you are sending BTC.

I’m not sure if this always applies with legacy or segwit.

Being long or short of your Bitcoin address does not decrease or increase its security. If you keep your Bitcoin in an exchange, the possibility of losing it is maybe 30%. But if you use an Electrum wallet, you can guarantee the security of your wallet.

This is because bitcoin addresses are not just randomly generated but has a code that it follows. This address is a has of the public key and is encoded with base58. The addresses also differ in length or prefixes depending on what kind of address that is.
Since this has ‘bc1’ at the start, it’s most likely a segwit address.

I don’t know how you come about with the percentage but yes having your coins stored on exchanges is at the risk of you losing the funds, this is because exchanges are custodial wallets that holds your private keys which are the gateways to spending your funds, so should they get compromised, rig pull or even hacked your funds will be gone with them. But does that make non-custodial wallets like electrum ultimately safe? No because even with your private keys or seed phrase right in your possession, the way you treat that wallet or protect the private key will actually determine how safe your coins on the wallet are. So using electrum or other wallets doesn’t guarantee safety of the funds


It’s not a likely solution, this is certainly a SegWit version 1 address which we popularly know as Taproot address format (P2TR), the prefix (bc1p) and also the long characters length is there to confirm it