Taproot Activation And LOT=True Vs. LOT=False
On this episode of "The Van Wirdum Sjorsnado," the hosts discussed the lock-in on timeout (LOT) parameter for potential Taproot activation.Listen To This Episode:AppleSpotifyGoogleLibsynOvercastIn this episode of "The Van Wirdum Sjorsnado," hosts Aaron van Wirdum and Sjors Provoost discussed activation of the Taproot soft fork upgrade, and more specifically, the lock-in on timeout (LOT) parameter.The LOT parameter can be set to either “true” (LOT=true) or “false” (LOT=false). LOT=false resembles how several previous soft forks were activated. Miners would have one year to coordinate....
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The debate around LOT=true and LOT=false remains the final hurdle in Taproot activation. So, what’s the difference and why is it important? The post LOT=true Or LOT=false? This Is The Last Hurdle Before Taproot Activation appeared first on Bitcoin Magazine.
The debate around LOT=true and LOT=false remains the final hurdle in Taproot activation. So, what’s the difference and why is it important?
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.