An explanation of the Bitcoin Upgrade Taproot PlatoBlockchain Data Intelligence. Vertical Search. Ai.

An explanation of the Bitcoin Upgrade Taproot

Time Stamp: June 21, 2021 6:03 AM

June 21, 2021, 6:03AM EDT

• 7 min read

An explanation of the Bitcoin Upgrade Taproot PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Quick Take

  • Taproot 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.

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Source: https://www.theblockresearch.com/an-explanation-of-the-bitcoin-upgrade-taproot-108408?utm_source=rss&utm_medium=rss

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