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InvestmentsThe Bitcoin network welcomes Taproot soft fork upgrade By Cointelegraph

The Bitcoin network welcomes Taproot soft fork upgrade By Cointelegraph


© Reuters.

The (BTC) network efficiently activated the Taproot soft fork following a 90% lock-in consensus from miners and mining swimming pools between blocks 709,488 and 709,632. The milestone signifies the primary main upgrade for Bitcoin since August 2017, which noticed the launch of Bitcoin’s main layer-two resolution, the Lightning Network and Segregated Witness (SegWit).

The Taproot upgrade goals to enhance the scripting capabilities and privateness of the Bitcoin network. To do that, the soft fork introduces the idea of Merkelized Abstract Syntax Tree (MAST). According to a Taproot-dedicated web site run by outstanding Bitcoin developer Hampus Sjöberg: