Taproot Bitcoin Update Ready To Activate, But Developers Delayed Launch

Taproot Bitcoin Update Ready To Activate, But Developers Delayed Launch

The Bitcoin Core development team introduced the Taproot protocol to the cryptocurrency codebase, but decided to delay its activation in order to carry out «soft» renewal.

Taproot protocol includes several important Bitcoin improvements, including Schnorr-based signature technology that improves the privacy of complex transactions and functionality.

Taproot Bitcoin Update Ready To Activate, But Developers Delayed Launch

For example, multi-signature transactions can be performed immediately after the consent of all parties, or with a delay in the absence of a signature of one of the parties. Schnorr’s authentication scheme will also allow disguising multisignature transactions as regular ones and hiding their conditions.

According to the developers, Taproot itself is completely ready to work, but due to the complexity of activation, its functionality was frozen by the code base in order to make the protocol compatible with the new main version of the network and implement it as a soft fork. In the meantime, the team will focus on testing and finding bugs..

text: Ivan Malichenko, photo: snob

Similar articles

Related Post