Bitcoin Miners Start Signaling for Taproot Activation, People Prep for BTC’s ...
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....
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Major Bitcoin miners have begun signaling for Taproot activation that will improve scalability and privacy for the largest cryptocurrency by market capitalization. The road to the Taproot upgrade finally coming in 2021 is already underway, with major Bitcoin (BTC) mining pools already signaling support.According to data from Taproot.watch, a webpage created by Bitcoin developer Hampus Sjöberg, Taproot signaling now accounts for about 44% of the total Bitcoin hashing power as of the time of writing.AntPool and F2Pool — the two largest Bitcoin mining pools by hash rate — are among the....
Signaling support for Taproot activation is easier than it may appear, as bitcoin mining company Braiins demonstrates.
This week’s newsletter encourages miners to begin signaling for Taproot, discusses closing lost Lightning Network channels and more.
The largest Bitcoin mining pools are signaling for Taproot, but the activation may not reach the 90% critical consensus mark during this current difficulty epoch. Disclaimer: This article has been updated to reflect that BTC.Top has begun signaling for Taproot activation.The top-10 Bitcoin (BTC) mining pools by hash rate distribution are now signaling for Taproot activation with BTC.Top being the latest among them as of the time of writing.Indeed, 90% of Bitcoin’s hash rate briefly signaled for the protocol upgrade with the figure now standing at about 73%.Tweeting on Monday, crypto....
Taproot.watch has added a new feature showing that a vast majority of Bitcoin mining hash rate supports Taproot activation.