imKey Now Supports Taproot, Native Segwit Addresses, and PSBT Signing

We’re thrilled to announce that imKey Pro has been upgraded with new features to enhance your user experience and provide greater flexibility in asset management:

1. Taproot and Native Segwit Address Support

imKey Pro now supports account management for Taproot and Native Segwit address formats:

• Taproot: A new transaction protocol that improves privacy and efficiency by simplifying transactions through the aggregation of smart contract conditions, resulting in smaller data sizes and lower fees.
• Native Segwit: Features more efficient transaction encoding, reducing fees and boosting network throughput for faster confirmations and lower transaction costs.

With this update, imKey Pro supports four types of Bitcoin accounts:

1. Legacy addresses (P2PKH): Begin with 1
2. Nested SegWit addresses (P2SH): Begin with 3
3. Native SegWit addresses (P2WPKH): Begin with bc1q
4. Taproot addresses (P2TR): Begin with bc1p

👉 Learn more on our support page:

• Taproot Support and Address Type Differences
• How to add and use Taproot and other Bitcoin address types in imKey hardware wallet?

2. PSBT and BIP-322 Signing Support

imKey Pro now supports Partially Signed Bitcoin Transactions (PSBT) and the BIP-322 signing protocol, enabling more advanced transaction handling:

• PSBT (Partially Signed Bitcoin Transaction): Allows multiple participants to sign the same transaction without sharing the complete transaction data. Ideal for managing collaborative or multi-signature wallets.
• BIP-322: Enhances Bitcoin transaction interoperability and security, enabling consistent handling of signatures across wallets, minimizing errors and compatibility risks.

At imKey, we are committed to continuously improving the functionality of imKey Pro to meet our users’ evolving needs. By default, imKey generates BTC accounts in the Taproot format. If you wish to create other account types, click the three dots in the upper-right corner of the BTC icon on the account creation screen to enter Advanced Mode and select your preferred format.

Thank you for your continued support and trust!

imKey Team