Taproot Merged Into Bitcoin Core
Taproot, the highly-anticipated protocol upgrade designed to add smart contract flexibility and more transactional privacy to Bitcoin, has officially merged into Bitcoin Core. The implementation now merged into Bitcoin’s code includes the Schnorr and Taproot consensus rules proposed in BIPs 340, 341 and 342, authored by Core contributors Pieter Wuille, Jonas Nick, Anthony Towns and Tim Ruffing. Schnorr signatures are a cryptographic innovation that has long been on top of many Bitcoin developers’ wish lists. Their activation would enable more flexible multisignature transactions and make....
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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....