List of Bitcoin address prefixes
Types of Bitcoin addresses

Legacy (P2PKH) starts with 1.
Nested Segwit (P2SH) starts with 3.
Native Segwit (P2WPKH) starts with bc1q.
Taproot (P2TR) starts with bc1p.

Segwit addresses Bech32 and Bech32m are best for your transaction fees but they are a little different. Taproot input is 10.5 vbyte smaller than Native Segwit input, but Taproot output is 10.5 vbyte larger than 1 Native Segwit output.

So whether using Taproot or Native Segwit is better for transaction fees, it depends on inputs and outputs of your transactions. In addition, Native Segwit has better support from centralized platforms than Taproot.

It is as a result of new proposals to reduce bitcoin transaction fee and to fix vulnerability. The last ones for now which were segwits have the lowest fee.

If you use a noncustodial wallet, you have nothing to lose. You can send from one type of address to a different type of address.

hd49728 is right about this. Read his post. But know that both native segwit and pay-to-taproot are both segwit.

Low transaction fee. Segwits have the lowest fee.

Malleability issues has actually been the main reason why there is soft forks like this, it is just to try to reduce the weight of transaction on a block while carrying out transactions so as to create enough space for more transactions to be filled into a block and thereby easing the congestion on the bitcoin network.


Any bitcoin sent to an address  from a wallet which its seed phrase or private key is known is never lost except if you are sending to a totally wrong address which is not known


To cut cost of transaction fees as the new forks (SEGWIT) are more cost effective than the other formats. The the SegWit also has their own differences with taproot addresses best used for transaction with multiple inputs and less outputs while the native SegWit are best used for low input and multiple outputs.



It is not the size that is even reduced in SegWit transactions that makes its fee effective and it doesn’t actually occupy less space than legacy transactions but rather the SegWit transactions have less weight than legacy transactions and since the new fork actually calculate fees base on weight the segwit transactions are cost effective

In bitcoin transactions, we actually have scripts, not addresses. Addresses are human readable format of standard scripts.
Different standard scripts lead to different types of addresses and that's why we have multiple types of addresses.