Bitcoin Taproot Support Lags at 27% — Even Though Soft Fork Is Opt-in Support...
On June 12, the crypto community celebrated the fact that the Bitcoin network locked in Taproot support in order to activate the largest upgrade the protocol has seen in four years. 24 days later, Taproot support via Bitcoin nodes has only reached 27.55% and upgrade supporters are pleading with the community to update their nodes. It’s Your Duty to Upgrade Nodes, Say Numerous Bitcoin Taproot Threads Data stemming from the Twitter account called Taproot Signal shows that Taproot-supporting nodes only represent a touch over 27% of the known public node count. 72.45% have not updated....
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By the time you read this, Bitcoin’s Taproot soft fork will be approved. The tendency is irreversible. The technical aspects are too complicated for most people, but we’ll do our best to explain them. What you actually need to know is this: the modifications will improve the Bitcoin network’s performance, bring a little more privacy, […]
Bitcoin Core developers are considering “burying” the Taproot soft fork, to help developers when reviewing the code, but it could have unintended consequences.
The Taproot upgrade was set for deployment after achieving a 90% consensus among the Bitcoin miners (mining nodes). Real-world use cases are one of the main adoption drivers for every crypto ecosystem, which also holds true for the Bitcoin (BTC) network. In the next seven days, the Bitcoin protocol will undergo a soft fork in the name of Taproot upgrade, which aims to improve the network’s privacy, efficiency and smart contracts capability. Taproot is Bitcoin’s first major upgrade since August 2017, which saw the introduction of Segregated Witness (SegWit) and resulted in the launch of....
Taproot soft fork introduces the concept of Merkelized Abstract Syntax Tree (MAST) to improve the scripting capabilities and privacy of the Bitcoin network. The Bitcoin (BTC) network successfully activated the Taproot soft fork following a 90% lock-in consensus from miners and mining pools between blocks 709,488 and 709,632. The milestone signifies the first major upgrade for Bitcoin since August 2017, which saw the launch of Bitcoin’s leading layer-two solution, the Lightning Network and Segregated Witness (SegWit).The Taproot upgrade aims to improve the scripting capabilities and privacy....
In this episode of “The Van Wirdum Sjorsnado,” the hosts discussed the lock in of Bitcoin’s Taproot soft fork upgrade.