Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
TheBlock 2021-06-21 10:03:57

An explanation of the Bitcoin Upgrade Taproot

Quick TakeTaproot is the first major upgrade (locked in for November) to Bitcoin since Segregated Witness in 2017 — improving the efficiency of complex transactions and enhancing privacy.Taproot uses a data structure called Merkelized Abstract Syntax Tree (MAST) to only reveal the parts of scripts that are executed and Schnorr signatures for signature aggregation.Overall, the upgrade is obviously beneficial to Bitcoin, but it’s also worth noting that Taproot only provides an incremental benefit to the existing feature set.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.