Unlocking The Power of P2WSH: A Step-by-Step Guide to Creating And Spending Coins With Bitcoin Scripts Using bitcoinjs-lib

Written by Oghenovo Usiwoma

In the world of Bitcoin, addresses are used to specify how you want to receive coins. There are several types of addresses, each with its own properties and capabilities.

The simplest type is Pay-to-Pubkey-Hash (P2PKH), which is generated from a public key hash and is secure but lacks advanced features. The Pay-to-Witness-Public-Key-Hash (P2WPKH) address, introduced by the SegWit upgrade, is more efficient and has lower fees.

Oghenovo shares the complete code, instructions plus the guide to P2WSH address types and more here.