In First Activation Meeting, Bitcoin Developers Discuss Paths For Taproot
Taproot was merged into Bitcoin Core in October 2020, leaving only the activation method for this highly-anticipated protocol upgrade focused on adding smart contract flexibility and more transactional privacy to Bitcoin. Last week, the Bitcoin development community gathered via Internet Relay Chat (IRC) to discuss the parameters of the Taproot activation and two code pull requests (PRs) of the BIP 8 signaling mechanism. “In an effort to get this closer to the finish line we are organizing a meeting on IRC on the ##taproot-activation channel on Tuesday 2nd February at 19:00 UTC,”....
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There are now two different Taproot activation paths embedded in Bitcoin software clients. Here’s what this could mean for the Bitcoin protocol.
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.
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.
The code for Taproot is ready to go, but developers are still discussing how to deploy the update across Bitcoin’s distributed network.
On this episode of "The Van Wirdum Sjorsnado," the hosts discussed the lock-in on timeout (LOT) parameter for potential Taproot activation.