diff --git a/src/base58.cpp b/src/base58.cpp
index d1d60a6f1..c1b08a264 100644
--- a/src/base58.cpp
+++ b/src/base58.cpp
@@ -212,12 +212,18 @@ class CBitcoinAddressVisitor : public boost::static_visitor<bool>
 {
 private:
     CBitcoinAddress* addr;
+    CChainParams::Base58Type script_type_;
 
 public:
-    CBitcoinAddressVisitor(CBitcoinAddress* addrIn) : addr(addrIn) {}
+    CBitcoinAddressVisitor(CBitcoinAddress* addrIn, CChainParams::Base58Type script_type) 
+      : addr(addrIn), script_type_(script_type) 
+    {
+        assert(script_type == CChainParams::SCRIPT_ADDRESS || 
+               script_type == CChainParams::SCRIPT_ADDRESS2);
+    }
 
     bool operator()(const CKeyID& id) const { return addr->Set(id); }
-    bool operator()(const CScriptID& id) const { return addr->Set(id); }
+    bool operator()(const CScriptID& id) const { return addr->Set(id, script_type_); }
     bool operator()(const CNoDestination& no) const { return false; }
 };
 
@@ -229,15 +235,17 @@ bool CBitcoinAddress::Set(const CKeyID& id)
     return true;
 }
 
-bool CBitcoinAddress::Set(const CScriptID& id)
+bool CBitcoinAddress::Set(const CScriptID& id, CChainParams::Base58Type type)
 {
-    SetData(Params().Base58Prefix(CChainParams::SCRIPT_ADDRESS), &id, 20);
+    assert(type == CChainParams::SCRIPT_ADDRESS || type == CChainParams::SCRIPT_ADDRESS2);
+    SetData(Params().Base58Prefix(type), &id, 20);
     return true;
 }
 
-bool CBitcoinAddress::Set(const CTxDestination& dest)
+bool CBitcoinAddress::Set(const CTxDestination& dest, CChainParams::Base58Type type)
 {
-    return boost::apply_visitor(CBitcoinAddressVisitor(this), dest);
+    assert(type == CChainParams::SCRIPT_ADDRESS || type == CChainParams::SCRIPT_ADDRESS2);
+    return boost::apply_visitor(CBitcoinAddressVisitor(this, type), dest);
 }
 
 bool CBitcoinAddress::IsValid() const
@@ -249,7 +257,8 @@ bool CBitcoinAddress::IsValid(const CChainParams& params) const
 {
     bool fCorrectSize = vchData.size() == 20;
     bool fKnownVersion = vchVersion == params.Base58Prefix(CChainParams::PUBKEY_ADDRESS) ||
-                         vchVersion == params.Base58Prefix(CChainParams::SCRIPT_ADDRESS);
+                         vchVersion == params.Base58Prefix(CChainParams::SCRIPT_ADDRESS) ||
+                         vchVersion == params.Base58Prefix(CChainParams::SCRIPT_ADDRESS2);
     return fCorrectSize && fKnownVersion;
 }
 
@@ -261,7 +270,8 @@ CTxDestination CBitcoinAddress::Get() const
     memcpy(&id, &vchData[0], 20);
     if (vchVersion == Params().Base58Prefix(CChainParams::PUBKEY_ADDRESS))
         return CKeyID(id);
-    else if (vchVersion == Params().Base58Prefix(CChainParams::SCRIPT_ADDRESS))
+    else if (vchVersion == Params().Base58Prefix(CChainParams::SCRIPT_ADDRESS) ||
+             vchVersion == Params().Base58Prefix(CChainParams::SCRIPT_ADDRESS2))
         return CScriptID(id);
     else
         return CNoDestination();
@@ -279,7 +289,8 @@ bool CBitcoinAddress::GetKeyID(CKeyID& keyID) const
 
 bool CBitcoinAddress::IsScript() const
 {
-    return IsValid() && vchVersion == Params().Base58Prefix(CChainParams::SCRIPT_ADDRESS);
+    return IsValid() && (vchVersion == Params().Base58Prefix(CChainParams::SCRIPT_ADDRESS) ||
+                         vchVersion == Params().Base58Prefix(CChainParams::SCRIPT_ADDRESS2));
 }
 
 void CBitcoinSecret::SetKey(const CKey& vchSecret)
diff --git a/src/base58.h b/src/base58.h
index cccebc9e0..42ce6902a 100644
--- a/src/base58.h
+++ b/src/base58.h
@@ -104,8 +104,8 @@ public:
 class CBitcoinAddress : public CBase58Data {
 public:
     bool Set(const CKeyID &id);
-    bool Set(const CScriptID &id);
-    bool Set(const CTxDestination &dest);
+    bool Set(const CScriptID &id, CChainParams::Base58Type type=CChainParams::SCRIPT_ADDRESS2);
+    bool Set(const CTxDestination &dest, CChainParams::Base58Type type=CChainParams::SCRIPT_ADDRESS2);
     bool IsValid() const;
     bool IsValid(const CChainParams &params) const;
 
diff --git a/src/chainparams.cpp b/src/chainparams.cpp
index c979fc724..3de5d62ea 100644
--- a/src/chainparams.cpp
+++ b/src/chainparams.cpp
@@ -126,6 +126,7 @@ public:
 
         base58Prefixes[PUBKEY_ADDRESS] = std::vector<unsigned char>(1,48);
         base58Prefixes[SCRIPT_ADDRESS] = std::vector<unsigned char>(1,5);
+        base58Prefixes[SCRIPT_ADDRESS2] = std::vector<unsigned char>(1,50);
         base58Prefixes[SECRET_KEY] =     std::vector<unsigned char>(1,176);
         base58Prefixes[EXT_PUBLIC_KEY] = boost::assign::list_of(0x04)(0x88)(0xB2)(0x1E).convert_to_container<std::vector<unsigned char> >();
         base58Prefixes[EXT_SECRET_KEY] = boost::assign::list_of(0x04)(0x88)(0xAD)(0xE4).convert_to_container<std::vector<unsigned char> >();
diff --git a/src/chainparams.h b/src/chainparams.h
index 0c3820b7c..c4afdf4c7 100644
--- a/src/chainparams.h
+++ b/src/chainparams.h
@@ -46,6 +46,7 @@ public:
     enum Base58Type {
         PUBKEY_ADDRESS,
         SCRIPT_ADDRESS,
+        SCRIPT_ADDRESS2,
         SECRET_KEY,
         EXT_PUBLIC_KEY,
         EXT_SECRET_KEY,
diff --git a/src/test/base58_tests.cpp b/src/test/base58_tests.cpp
index 01eb2aee9..0a8377bf3 100644
--- a/src/test/base58_tests.cpp
+++ b/src/test/base58_tests.cpp
@@ -230,7 +230,7 @@ BOOST_AUTO_TEST_CASE(base58_keys_valid_gen)
                 continue;
             }
             CBitcoinAddress addrOut;
-            BOOST_CHECK_MESSAGE(addrOut.Set(dest), "encode dest: " + strTest);
+            BOOST_CHECK_MESSAGE(addrOut.Set(dest, CChainParams::SCRIPT_ADDRESS), "encode dest: " + strTest);
             BOOST_CHECK_MESSAGE(addrOut.ToString() == exp_base58string, "mismatch: " + strTest);
         }
     }