Tag: taproot

Dec 01 2021

Bitcoin Mining Stocks Beat BTC Two-To-One in 2021 ROI

Believe it or not, in 2021, Bitcoin mining stocks have outperformed the king of cryptocurrencies. This crowns the phenomenal year the whole Bitcoin industry has had. However, consider Arcane Research’s warning, “an investment in mining companies carries a much higher risk than an investment in bitcoin...

Nov 19 2021

Why Are Taproot Smart Contracts More Private? A Non-Technical Explanation

Our exploration of the new superpowers Taproot gives to Bitcoin continues. Yesterday, we defined smart contracts and covered the functionality of the Taproot-enabled ones. To summarize, Taproot gives new characteristics to Bitcoin layer one...

Nov 18 2021

Does Taproot Actually Enable Smart Contracts On Bitcoin? The Debate Rages On

Was it irresponsible of us to state that Taproot would “enable smart contract deployment”? Maybe it was. Bitcoin received its first major network upgrade since 2012, and users and publications alike are still trying to figure out what Taproot...

Taproot Kicks Jevons Paradox For Bitcoin UTXOs Into Another Gear

The activation of Taproot will make bitcoin UTXOs more efficient, and much more widely used.The below is a direct excerpt of Marty's Bent Issue #1113: "Taproot kicks Jevons Paradox into another gear." Sign up for the newsletter here....

Nov 16 2021

Cash App To Add Bitcoin Taproot Support By December

Nov 16 2021 Published at Bitcoin Magazine under tags  bitcoin business cash app taproot

Cash App users will be able to send bitcoin to Taproot-enabled wallets by December 1, 2021.Cash App will add support to Taproot, Bitcoin’s latest upgrade, by December 1.Over time, users may benefit from the upgrade’s enhanced privacy features, reduced transaction fees, and better smart contracts.Taproot went live on the Bitcoin network on November 14 at block 709,632.Cash App...

Nov 15 2021

Scalability comes to Bitcoin as Taproot upgrade goes live

After years of waiting for an upgrade on the network of the leading digital asset, Taproot, an upgrade that would be focused on making Bitcoin more private whilst also improving its security has finally seen the light of the day. The upgrade was activated when F2Pool mined block 709,632 on BTC’s blockchain network Why the Taproot upgrade matters...

Nov 14 2021

Taproot Is Live! The Community Reacts To Bitcoin’s First Upgrade Since 2017

Ladies and gentlemen, we live in a Taproot world. The update will enhance Bitcoin’s performance and enable smart contract deployment. Starting today, all transactions in the Bitcoin network look alike, improving privacy. It doesn’t even matter how the market reacts. It’s a great day for Bitcoin and the community is celebrating it as such, sharing information and working on what’s now possible....

Nov 13 2021

Why Taproot Is An Important Addition To Bitcoin

Nov 13 2021 Published at Bitcoin Magazine under tags  bip schnorr taproot technical

Taproot activation is a fantastic step forward for the Bitcoin network in terms of security and scalability.A Bitcoin Core developer by the name of Gregory Maxwell released the notes for Taproot in 2018. The last upgrade was SegWit in 2017, and Bitcoin had a...

Taproot Activation Is Upon Us

Nov 13 2021 Published at Bitcoin Magazine under tags  marty bent schnorr taproot technical

Taproot and Schnorr will be boons for bitcoin usability, allowing individuals to do much more with their UTXOs.The below is a direct excerpt of Marty's Bent Issue #1111: "Taproot activation is upon us." Sign up for the newsletter here....

Nov 12 2021

Understanding Taproot In A Simple Way

The highly-anticipated upgrade is set to roll out over the weekend, changing Bitcoin for the better.Understanding exactly what about the Bitcoin network implementing Taproot changes is necessary for understanding why the changes were needed. Taproot is the combination of many Bitcoin Improvement Proposals (BIPs) resulting in a soft fork of Bitcoin’s blockchain. A soft fork is a proposed upgrade that over time...

Nov 11 2021

Taproot Is Coming To Bitcoin: How It Works, Its History And Implications

Nov 11 2021 Published at Bitcoin Magazine under tags  explainer mast schnorr soft fork taproot

Taproot and Schnorr signatures are going live at block 709,632. Here’s what you need to know about what this means for Bitcoin.Taproot and Schnorr signatures are going live on Bitcoin at block 709,632. This is going to be a massive foundational achievement to continue building on into the future. It’s been four years since Segregated Witness went live on the network, our...

Nov 09 2021

Why You Should Care About Taproot, The Next Major Bitcoin Upgrade

By making transactions cheaper, more efficient and more private, Taproot sets the stage for extra functionality on the Bitcoin network.Much has been written about Bitcoin’s Taproot upgrade, and plenty of resources exist to explain its technical concepts. However, in the author's opinion, a more comprehensive...

Nov 08 2021

What Does Bitcoin Taproot Upgrade Mean?

Nov 08 2021 Published at Altcoin Buzz under tags  bitcoin btc cryptocurrency news taproot

A soft fork on the Bitcoin network will take place in a few days, and it will introduce Taproot, the first upgrade in four years. The Taproot upgrade is expected to take place on November 14th after achieving a 90% approval consensus from Bitcoin miners. It is the first upgrade for the network since November 2017. Segregated Witness (SegWit) was deployed, and the...

Nov 03 2021

Bitcoin Taproot Is Around The Corner

Nov 03 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin update taproot

The highly anticipated Bitcoin protocol update, Taproot, is going to activate when it reaches block #709,632, believed to happen around November 16. It will bring many improvements by replacing ECDSA signatures with Schnorr signatures, enhancing privacy, scalability, security, and lowering fees. The Bitcoin community has been hoping for this upgrade for a while. The discussions and development of the Bitcoin Improvement Proposals, BIP...

Sep 15 2021

Taproot Primer – An Upgrade for the Ages

Sep 15 2021 Published at Kraken Blog under tags  bitcoin kraken intelligence taproot

One of Bitcoin’s biggest upgrades of all time is just around the corner, but few understand its potential impact. In Kraken Intelligence's latest report, "Taproot Primer: An Upgrade For The Ages," our team breaks down each of the three Bitcoin Improvement Proposals (BIPs) included in… The post Taproot Primer - An Upgrade for...

Sep 13 2021

Bitcoin Core 22.0 Released: What’s New

Bitcoin Core developers release first software with Taproot supportToday marks the official release of Bitcoin Core 22.0, the 22nd major release of Bitcoin’s original software client launched by Satoshi Nakamoto almost 13 years ago.Overseen by Bitcoin Core lead maintainer Wladimir van der Laan, this latest major release was developed by well over...

Aug 11 2021

New Implementation For Bitcoin Mixing Service CoinJoin Improves Sybil Resistance

This week’s Bitcoin Optech newsletter details a JoinMarket implementation improvement for CoinJoin bitcoin mixing and more.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we're republishing the latest issue of this newsletter...

Aug 04 2021

Why The Bitcoin Price Is Down Since April

Explaining the factors behind bitcoin's price drop this year and exploring the latest in central bank news.Watch This Episode On YouTubeListen To This Episode:...

Bitcoin Optech #160: Preparing For Taproot And More

Aug 04 2021 Published at Bitcoin Magazine under tags  bitcoin optech taproot technical

This week’s Bitcoin Optech newsletter details how to prepare for Taproot, releases and changes to Bitcoin infrastructure projects.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we're republishing the latest issue of this...

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