Majority of Bitcoin Hashrate Signals Support for Taproot Scaling, Privacy Upg...

Mining firm 21 Inc, which accounts for over 7% of the current bitcoin hashrate, has also noted its support for BIP 100. Garzik's proposal now has 58.6% of the network's hashing power behind it. UPDATE (28th August 13:12 BST): One of the leading transaction processors, KNC Miner, is now tagging its blocks in support of BIP 100. In a statement, the company said it would support both BIP 100 or BIP 101 as they would "propel bitcoin for all". BTCChina has backed Jeff Garzik's block size scaling solution, giving BIP 100 a majority of the network's hashing power. With the addition of the Chinese....

Binance Pool represents 11% of Bitcoin’s mining hashrate. Adding it to the “yes” column pushes mining pool support for Taproot to about 91%.

Our exploration of the new superpowers Taproot gives to Bitcoin continues. Yesterday, we defined smart contracts and covered the functionality of the Taproot-enabled ones. To summarize, Taproot gives new characteristics to Bitcoin layer one that enable smart contract expressiveness in layer two solutions. Today, the topic is privacy. What happens on the blockchain stays there […]

The upcoming Taproot activation stands to potentially make the Bitcoin ecosystem more user-friendly as well as secure. While a vast majority of crypto enthusiasts around the globe seem to be gushing about Ether (ETH) at the moment and how its upcoming London hard fork stands to push the premier altcoin’s value even higher, reports have recently surfaced that suggest Bitcoin’s much-awaited Taproot upgrade will go live also sometime by the end of this year.In this regard, many Bitcoin (BTC) mining pools seem to already be signaling their support for the activation and as per data available....

Bitcoin privacy experts are unimpressed with a circulating slideshow-style privacy report that targets upcoming Bitcoin upgrade Taproot.