Taproot: An Example Of Bitcoin’s Win-Win Logic
Taproot has a variety of benefits for all users of Bitcoin, and is an example of improving ability to expand and enhance Bitcoin.Jason Lau is the COO of Okcoin.Almost four years after Bitcoin’s last big update, Taproot is finally locked in and will activate in November. This is a big win for Bitcoin and the entire ecosystem, whether or not you understand the technical intricacies of the upgrade itself. Okcoin will support Taproot when it activates, to ensure that our customers and the network can benefit.Taproot is a win for everyday users because it will make transactions cheaper:....
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Bitcoin’s long-awaited Taproot update is one step closer to fruition.
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.
In this episode of “The Van Wirdum Sjorsnado,” the hosts discussed the lock in of Bitcoin’s Taproot soft fork upgrade.
The code for Taproot is ready to go, but developers are still discussing how to deploy the update across Bitcoin’s distributed network.
Binance Pool represents 11% of Bitcoin’s mining hashrate. Adding it to the “yes” column pushes mining pool support for Taproot to about 91%.