Written by Wuille, Nick and Towns, BIP 341 proposed a new Segregated Witness (SegWit) version 1 output type, with spending rules based on Taproot, Schnorr signatures, and Merkle branches (part of the cryptographic scheme that generates the hashes that encode data on the blockchain.) SegWit, the previous major Bitcoin upgrade, essentially allowed for larger blocks of … [Read more...] about The Developers Who Wrote Bitcoin’s Taproot Upgrade
Taproot
Will Bitcoin’s Taproot upgrade cause a “DeFi rain”?
On Nov. 14, the highly anticipated Bitcoin upgrade Taproot was activated on block 709,632 with the aim of kindling a DeFi and dApp ecosystem around the decentralized currency, giving it a more Ethereum-like functionality.But while Taproot received almost universal support from the Bitcoin community—unlike the divisive 2017 SegWit upgrade—it has not resulted in any significant … [Read more...] about Will Bitcoin’s Taproot upgrade cause a “DeFi rain”?
Taproot activates, K-pop enters the Metaverse and Staples Center becomes Crypto.com Arena: Hodler’s Digest, Nov. 7-13
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekThe Bitcoin network welcomes Taproot soft fork upgradeThe Bitcoin (BTC) network underwent its … [Read more...] about Taproot activates, K-pop enters the Metaverse and Staples Center becomes Crypto.com Arena: Hodler’s Digest, Nov. 7-13
Bitcoin Taproot has so far failed to live up to expectation, is there more to come?
The Bitcoin Taproot upgrade went live on November 14 to much fanfare. However, since then, the price of Bitcoin has dropped 11%, triggering calls that it has failed to live up to expectations.John Todaro, the Vice President at financial services firm Needham & Co, commented that wider macro factors were at play, in effect, overriding any tailwinds that may have resulted … [Read more...] about Bitcoin Taproot has so far failed to live up to expectation, is there more to come?
After Taproot, What’s Next for Bitcoin’s Future?
Taproot, a privacy and scalability upgrade Bitcoin developers have long been drooling over, finally activated last weekend. But more upgrades are in the pipeline, being worked on by developers behind the scenes.Taproot is a particularly big upgrade in Bitcoin, called a “soft fork,” which isn’t executed all that often in Bitcoinland. Before Taproot, the last soft fork was … [Read more...] about After Taproot, What’s Next for Bitcoin’s Future?