Taproot Activation And The LOT Debate
The process chosen for activating Taproot is detailed in BIP 8, and it includes a debated option called “lockinontimeout” (LOT).As Taproot, the latest consensus protocol change, approaches activation, Bitcoin developers are asking how exactly the network should be upgraded.You’ve probably already heard about Taproot, the new proposed soft-fork upgrade for Bitcoin, which will introduce a new signing algorithm and an enhanced, more private and flexible scripting mechanism.Now, while Taproot has been discussed for a long time, and its code has already been merged to Bitcoin Core, the actual....
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The debate around LOT=true and LOT=false remains the final hurdle in Taproot activation. So, what’s the difference and why is it important? The post LOT=true Or LOT=false? This Is The Last Hurdle Before Taproot Activation appeared first on Bitcoin Magazine.
On this episode of "The Van Wirdum Sjorsnado," the hosts discussed the lock-in on timeout (LOT) parameter for potential Taproot activation. The post Taproot Activation And LOT=True Vs. LOT=False appeared first on Bitcoin Magazine.
The debate around LOT=true and LOT=false remains the final hurdle in Taproot activation. So, what’s the difference and why is it important?
On this episode of "The Van Wirdum Sjorsnado," the hosts discussed the lock-in on timeout (LOT) parameter for potential Taproot activation.
Taproot.watch has added a new feature showing that a vast majority of Bitcoin mining hash rate supports Taproot activation.