Bitcoin

Taproot Locks In – Bitcoin Magazine: Bitcoin News, Articles, Charts & Guides

Bitcoin is promoted.

rootThe Bitcoin protocol upgrade that makes smart contracts more private and compact has been secured. As of now, more than 90 percent of all blocks to be mined in the current difficulty period have indicated upgrade support, which means that Bitcoin Core Versions 0.21.1 And the latest will start to apply the new rules in November of this year, and so will Alternative Taproot Activation Client.

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Taproot is the first Bitcoin protocol upgrade to run since then Separate witness activated in 2017. First proposed by former Blockstream CTO Gregory Maxwell and developed by Bitcoin Core contributors including Pieter Wuille, Anthony Towns, Johnson Lau, Jonas Nick, Andrew Poelstra, Tim Ruffing, Rusty Russell and Maxwell himself, Taproot will make Bitcoin smart contract features More compact, potentially more private, and in some cases a little more flexible. As a soft fork, the upgrade is backwards compatible as long as the majority of miners enforce the new rules.



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