Bitcoin Miners, Developers Narrow Down How Taproot Will Be Activated
We know it's going to happen - the question is when and how.
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The finalized code for Taproot will be shipped in March, but will it house the “user activated soft fork” feature that threatened to activate SegWit?
The code for Taproot is ready to go, but developers are still discussing how to deploy the update across Bitcoin’s distributed network.
Developers don't want to move too fast. The Bitcoin Improvement Proposals 340 through 342 were merged into the Bitcoin codebase on Thursday, signaling that the anticipated Taproot upgrade is ready.Taproot and the associated technology of Schnorr signatures are considered to be the most important upgrade for Bitcoin in the past year. It is primarily a privacy improvement for complex spending conditions on Bitcoin like multisig transactions, time locks and other conditions based on Bitcoin Script.As Cointelegraph reported previously, Taproot hides every additional spending condition beyond....
Bitcoin miners have started to signal for Taproot activation and crypto supporters are looking forward to the largest bitcoin update in almost four years. The mining operation Slush Pool mined the first block signaling for Taproot and since then the pools Foundry and F2pool have joined in on signaling as well. Bitcoin Block: 681,458 Signals for Taproot It’s been a long time since the Bitcoin network has seen a major upgrade and the last time it happened was in 2017, back when BTC participants activated Segregated Witness (Segwit). Since then, bitcoiners have been discussing the next....
Taproot soft fork introduces the concept of Merkelized Abstract Syntax Tree (MAST) to improve the scripting capabilities and privacy of the Bitcoin network. The Bitcoin (BTC) network successfully activated the Taproot soft fork following a 90% lock-in consensus from miners and mining pools between blocks 709,488 and 709,632. The milestone signifies the first major upgrade for Bitcoin since August 2017, which saw the launch of Bitcoin’s leading layer-two solution, the Lightning Network and Segregated Witness (SegWit).The Taproot upgrade aims to improve the scripting capabilities and privacy....