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đ ď¸Â Taproot Upgrade: Bitcoin Gets a Privacy & Efficiency Boost
In November 2021, Bitcoin underwent its biggest upgrade in over four years: the highly anticipated Taproot soft fork. Designed to improve privacy, smart contract capability, and transaction efficiency, Taproot marked a major evolution for the Bitcoin network.
đ One of the core benefits was enhanced privacy â making multi-signature and complex transactions indistinguishable from standard ones on the blockchain.
âď¸ Taproot also enabled Schnorr signatures, allowing multiple signatures to be aggregated into one â saving block space and reducing fees.
đĄ While Taproot didnât immediately change how users interact with Bitcoin, it laid the foundation for future innovations, like layer-2 smart contracts and more scalable payment infrastructure.
đ˘ Analysts hailed it as a silent but powerful upgrade â showing that even the most conservative blockchain can evolve.
đˇď¸ #BitcoinUpgrade #Taproot #BTC2021 #BlockchainPrivacy #CryptoHistory
In November 2021, Bitcoin underwent its biggest upgrade in over four years: the highly anticipated Taproot soft fork. Designed to improve privacy, smart contract capability, and transaction efficiency, Taproot marked a major evolution for the Bitcoin network.
đ One of the core benefits was enhanced privacy â making multi-signature and complex transactions indistinguishable from standard ones on the blockchain.
âď¸ Taproot also enabled Schnorr signatures, allowing multiple signatures to be aggregated into one â saving block space and reducing fees.
đĄ While Taproot didnât immediately change how users interact with Bitcoin, it laid the foundation for future innovations, like layer-2 smart contracts and more scalable payment infrastructure.
đ˘ Analysts hailed it as a silent but powerful upgrade â showing that even the most conservative blockchain can evolve.
đˇď¸ #BitcoinUpgrade #Taproot #BTC2021 #BlockchainPrivacy #CryptoHistory
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Stablecoins Coming to BitcoinLightning Labs has released the Taproot Assets protocol, which allows the issuance of stablecoins and other assets in Bitcoin and Lightning.
It is noted that Taproot Assets will provide developers with the necessary tools to turn Bitcoin into a multi-asset network, while maintaining the scalability and core values ââof Bitcoin. The Lightning Labs team is committed to meeting the needs of developers, as the ability to add stablecoins to applications is one of the main requirements. Taproot Assets was created with the goal of providing much-needed tooling and avoiding the congestion on the Bitcoin network that was seen this year with the mining of BRC-20 tokens. According to the Director of Development of Lightning Labs, this release marks the beginning of a new era for Bitcoin. #Bitcoin #stablecoin #taproot
It is noted that Taproot Assets will provide developers with the necessary tools to turn Bitcoin into a multi-asset network, while maintaining the scalability and core values ââof Bitcoin. The Lightning Labs team is committed to meeting the needs of developers, as the ability to add stablecoins to applications is one of the main requirements. Taproot Assets was created with the goal of providing much-needed tooling and avoiding the congestion on the Bitcoin network that was seen this year with the mining of BRC-20 tokens. According to the Director of Development of Lightning Labs, this release marks the beginning of a new era for Bitcoin. #Bitcoin #stablecoin #taproot
Exciting times ahead for Bitcoin! The upcoming Taproot upgrade is set to revolutionize the way transactions are processed on the blockchain. Scheduled to take place in March 2025, this upgrade will enable faster, cheaper, and more private transactions. With Taproot, Bitcoin will become even more attractive to investors and users alike, paving the way for widespread adoption. What are your thoughts on the future of Bitcoin? #Bitcoin #Taproot
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Unlocking Full Taproot Support: Key Adjustments on the Internet Computer
The Internet Computer continues to improve cross-chain interoperability, with the Deuterium milestone enabling containers to create threshold Schnorr signatures, including the BIP340 standardized Schnorr used in Bitcoin, allowing containers to generate Pay-To-Taproot (P2TR) addresses and initiate Taproot transactions.
In this blog post, we will explain the development of P2TR support on the Internet Computer, the initial limitations faced by containers, and how the recently added key adjustment in threshold Schnorr signatures expands the cross-chain capabilities of container smart contracts, making it easier to integrate with the Bitcoin meta-protocol.
In this blog post, we will explain the development of P2TR support on the Internet Computer, the initial limitations faced by containers, and how the recently added key adjustment in threshold Schnorr signatures expands the cross-chain capabilities of container smart contracts, making it easier to integrate with the Bitcoin meta-protocol.
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Qtum Announces Bitcoin Taproot Integration
Qtum announced the introduction of Bitcoin Taproot technology. The integration aims to simplify the creation process on the platform.
You can find more detailed information in the official QTUM tweet
Qtum is a decentralized blockchain network that combines the concept of Bitcoin's unspent transaction output (UTXO) model and Ethereum smart contracts. The network has its own token standards (QRC-20, QRC-1155, QRC-721), including the native QTUM token for staking and governance.
Qtum works based on four key components: the UTXO Bitcoin model, the Solidity programming language for smart contracts, the Account Abstraction Layer (AAL) technology, and the Proof-of-Stake consensus mechanism. Thanks to this combination, developers can easily port DeFi code and projects from Ethereum to Qtum, thus providing unique interoperability between blockchains.
#QTUM #DeFi #Ethereum! #bitcoin #taproot
$QTUM
Qtum announced the introduction of Bitcoin Taproot technology. The integration aims to simplify the creation process on the platform.
You can find more detailed information in the official QTUM tweet
Qtum is a decentralized blockchain network that combines the concept of Bitcoin's unspent transaction output (UTXO) model and Ethereum smart contracts. The network has its own token standards (QRC-20, QRC-1155, QRC-721), including the native QTUM token for staking and governance.
Qtum works based on four key components: the UTXO Bitcoin model, the Solidity programming language for smart contracts, the Account Abstraction Layer (AAL) technology, and the Proof-of-Stake consensus mechanism. Thanks to this combination, developers can easily port DeFi code and projects from Ethereum to Qtum, thus providing unique interoperability between blockchains.
#QTUM #DeFi #Ethereum! #bitcoin #taproot
$QTUM
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