The first one (Standard) is a normal address.
https://github.com/bitcoin/bips/blob/master/bip-0173.mediawiki
Base58 needs a lot of space in QR codes, as it cannot use the alphanumeric mode.
The mixed case in base58 makes it inconvenient to reliably write down, type on mobile keyboards, or read out loud.
The double SHA256 checksum is slow and has no error-detection guarantees.
Most of the research on error-detecting codes only applies to character-set sizes that are a prime power, which 58 is not.
Base58 decoding is complicated and relatively slow.
Included in the Segregated Witness proposal are a new class of outputs (witness programs, see BIP141), and two instances of it ("P2WPKH" and "P2WSH", see BIP143). Their functionality is available indirectly to older clients by embedding in P2SH outputs, but for optimal efficiency and security it is best to use it directly. In this document we propose a new address format for native witness outputs (current and future versions).
Well forget about it being slow because Mining and PoW in Bitcoin is all about wasting CPU power (They love it)
I can run with mixed case and error correction forced the change
Maybe the miners should give us free fees when converting a wallet, you know like all 20,000 of the parasites
could just about manage the conversion since the development team cocked it up in the first place and they
are only processing seven transactions per second
We keep seeing problem-reaction-solution with Bitcoin and the odd thing is that it hits our pockets
each time but yes i can agree it needed a fix