BIP 84 — Derivation scheme for P2WPKH based accounts

BIP 84 (Derivation scheme for P2WPKH based accounts) standardizes derivation (purpose 84') for native SegWit single-key accounts, producing bech32 addresses beginning bc1q. Repository status: Deployed.

Debate relevance: The default account type in most modern wallets; appears in fee-efficiency comparisons and recovery discussions. Common misstatements: Older references list BIP 84 as 'Proposed' — under the current repository process it is Deployed. Also, bc1q (BIP 84 / SegWit v0) and bc1p (BIP 86 / Taproot) addresses are frequently conflated.