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As discussed in previous episodes, Taproot is an upgrade to the Bitcoin protocol that will make smart contracts more compact, private, and resilient. Van Wirdum and Provoost have also discussed the Taproot upgrade process in previous episodes, including the Bitcoin Core Speedy Trial activation method.
About a week ago, the speedy trial signal threshold was reached, which means Taproot is closed and will be activated later this year. The hosts went into more detail about exactly what this means, and what needs to happen before Taproot can eventually be used on the Bitcoin network safely. Provoost also explained how upcoming Bitcoin Core releases will handle the Taproot upgrade, and what the Bitcoin Core wallet software will and won’t enable, while also touching on potential use cases enabled by the upgrade.
Finally, van Wirdum and Provoost discussed the activation process of the Speedy Trial itself, and in particular the lessons learned from it, which in turn could inform future Soft fork upgrades. They also briefly speculated about protocol upgrades that might be next in line.
This podcast is perfect for people who want to learn more about the technical side of Taproot. Van Wirdum and Provoost always provide insight into Bitcoin’s constant improvements and developments, and Taproot promises to be one of the most important updates in a long time.
Please enjoy this detailed and eye-opening conversation between van Weerdom and Provost.