Discussing Taproot’s Lock In – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

ADS



Watch This Episode On YouTube

Listen To This Episode:

As discussed in previous episodes, Taproot is a Bitcoin protocol upgrade that will make smart contracts more compact, private and flexible. Van Wirdum and Provoost also discussed the Taproot upgrade process in prior episodes, including the Speedy Trial activation method adopted by Bitcoin Core.

About a week ago, the Speedy Trial signaling threshold was reached, which means Taproot is locked in and will activate later this year. The hosts went into further detail about what this means exactly, and what needs to happen before Taproot can ultimately 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 will not enable, while also touching on potential use cases enabled by the upgrade.



Source link Bitcoin Magazine

ADS

Be the first to comment

Leave a Reply

Your email address will not be published.


*