Ce TREBUIE să știți despre actualizarea Taproot a Bitcoin?

lui Bitcoin taproot update — the biggest anticipated change to the Bitcoin blockchain since SegWit— is up for another vote. Will it pass? Well, yes. At the time of writing, Taproot had more than the required minimum of miners, around 99%, semnalizare support to lock in the upgrade. As per the activation rules set by Proces rapid, 90% of blocks mined within one of Bitcoin’s difficulty periods need to signal support for the said update.

Taproot signaling reaches new record high over 99% pic.twitter.com/k77voZLXKD

- Revista Bitcoin (@BitcoinMagazine) 10 Iunie, 2021

The said development was the subiect de discuție on the latest edition of the ‘Gândind Crypto‘ podcast with Fred Thiel, CEO of Marathon Digital Holdings.

Așteptări

The following upgrade, scheduled for November, is expected to enhance Bitcoin’s smart contract capabilities and boost privacy. The proposed update would combine the Schnorr signature scheme with MAST (Merklized Alternative Script Tree) and leverage a new scripting language called Tapscript. It would make complex smart contracts like the ones requiring multiple signatures indistinguishable from regular bitcoin transactions, enabling greater privacy.

Furthermore, according to the Marathon Digital Holdings exec,

„Cu acest upgrade, veți vedea Bitcoin ca rețea de decontare. Fondurile sunt transferate de la o instituție la alta, să zicem o bancă la alta. ”

El a adăugat,

„Actualizarea ar reduce dimensiunea datelor contractelor inteligente, la rândul său reducând costurile de tranzacție. De asemenea, se așteaptă ca Taproot să îmbunătățească funcționalitatea și eficiența contractelor inteligente. ”

Using this, highly intensive transfer processing of smaller denominated transactions can now occur. “I hope that more businesses and users choose to adopt when there’s less of a cost obstacle to adopting a technology,” Thiel added.

The exec isn’t the only one to comment on Taproot and what it means for the Bitcoin ecosystem, however.

Jeremy Rubin, a Bitcoin Core contributor and founder of Judica, while vorbire pe Podcast neîncadrat reiterated the same, but with few additions.

When asked about the Taproot significance for the Bitcoin network, here’s what Rubin said –

„Cu taproot, veți obține optimizarea Bitcoin, mult diferită de modul în care oamenii cunosc Bitcoin astăzi - puțin prea ineficient sau dezvăluie prea multe informații despre ceea ce încercați să faceți. Taproot ajută să fie privat și eficient. ”

Complex smart contracts like the ones requiring multiple signatures are indistinguishable from regular Bitcoin transactions, enabling greater privacy. While privacy remains intact, some elements of it are public. With the update, it exposes the public key directly on the network which previously was hash. As it was hidden for the multi-signature part, keys are collapsed into a single one.

Now, what about on-chain analytics companies? According to Rubin,

“People always have ways of finding some piece of metadata about what people are doing. People pay these chain analysis firms for something, so might as well make their job a little bit harder.”

While Taproot is anticipated by many in the community, there remain some concerns. Most notably, the developer pointed out,

“Exposing public keys will have s small element of worse quantum security if quantum computers existed. That risk is negligible at this point, however, we need to work on a migration plan for that in any case.”

Source: https://ambcrypto.com/what-do-you-need-to-know-about-bitcoins-taproot-upgrade/