LOT=true Or LOT=false? This Is The Last Hurdle Before Taproot Activation
The discussion on Taproot activation appears to have reached its final stage, with the remaining decision revolving around the activation parameter LOT. The code for Taproot, a proposed Bitcoin protocol upgrade for compact and privacy-preserving smart contracts, has been included in the most recent version of Bitcoin Core, currently the de-facto reference implementation for the Bitcoin protocol. The only remaining step is for the upgrade to activate on the Bitcoin network. But as a consensus system without central authority, Bitcoin protocol upgrades can be challenging. If one segment of....
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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.
On this episode of "The Van Wirdum Sjorsnado," the hosts discussed the lock-in on timeout (LOT) parameter for potential Taproot activation.
The process chosen for activating Taproot is detailed in BIP 8, and it includes a debated option called “lockinontimeout” (LOT). The post Taproot Activation And The LOT Debate appeared first on Bitcoin Magazine.
Taproot.watch has added a new feature showing that a vast majority of Bitcoin mining hash rate supports Taproot activation.
In a recent IRC chat among Bitcoin’s development community, a timeline for activating Taproot was determined, though questions remain. The post Taproot Activation Timeline Set, But Path Unclear appeared first on Bitcoin Magazine.