Pay-to-Witness-Script-Hash (P2WSH) is a new feature that was introduced to the Bitcoin protocol in 2017. It was created to address privacy and scalability issues with the original P2SH address format. P2WSH provides a way to securely store and transact with large amounts of data in a much more efficient manner.
This is achieved by using a new data structure called a “Witness Script”. A Witness Script is essentially a script, or program, that is used to validate bitcoin transactions. It defines a set of conditions that must be met for a transaction to be considered valid. These conditions are usually used for signature verification and checking for any restrictions imposed on how the coins can be transferred.
One of the most notable features of P2WSH is that it can provide a much more secure environment for storing and sending large amounts of data in a single transaction. This is because all data that is being sent is encrypted and stored in the Witness Script.
This means that only people who possess the correct private key can access the data that is being sent. In conclusion, Pay-to-Witness-Script-Hash is a new and improved feature on the Bitcoin protocol, providing users with much more secure and efficient ways of sending and storing large amounts of data on the Bitcoin network.