RE: Bitcoin’s Taproot/Schnorr Upgrade ‘Nearly Ready’
- Developers behind Bitcoin’s Taproot/Schnorr upgrade will soon finish addressing community comments and push the project into implementation phase
- The Block research shows that the Taproot/Schnorr soft fork is among the most anticipated developments in 2020 among industry participants
- Other promising Bitcoin proposals including Graftroot, SIGHASH_NOINPUT, the “Great Consensus Clean-up,” and OP_CHECKTEMPLATEVERIFY may also see progress in the new year as the community agrees on how the protocol should move forward
“First unveiled by Bitcoin Core developer Greg Maxwell in January 2018, Taproot offers a new degree of privacy by making all transactions – no matter how complicated – appear the same to observers of blockchain data. The code adds what supporters call a much-needed feature to the network, and brings with it significant implications for scaling, fungibility and script innovation.”
Master Asked on January 9, 2020 in Bitcoin.
Yep, amid the cries of “Bitcoin is dying!” here it is growing stronger by the day.