Bitcoin will be subject to a major update `` Taproot'' since the 2017 split turmoil

It has been decided that the

crypto asset 'Bitcoin' will be subject to 'Taproot ', a major upgrade since the 2017 split turmoil.

Bitcoin Core :: Bitcoin Core 0.21.1 Released With Taproot Activation Code

Bitcoin Taproot upgrade: what it means

Taproot is an upgrade proposed in 2018 to add a 'Shnoa signature' to the Bitcoin signature scheme. The availability of Schnoor signatures as a signature method is expected to improve anonymity.

CNBC also points out that the switch to Schnoor signature will help speed up and reduce costs for smart contracts that execute a variety of contracts on the blockchain. In addition, mining companies - Marathon Digital Holdings smart contract Fred Teal CEO of providing an opportunity to expand the applications and business on the 'block chain, ethereum most important in .Traproot which has become a major driving force of innovation The key point is the strengthening of smart contracts. '

Bitcoin has evolved into a derivative crypto asset, Bitcoin Cash (BCC) , as a result of disagreements within the community during the block size-related upgrade in 2017. However, according to CNBC, most of the Bitcoin community is in favor of this upgrade.

What is the 'Bitcoin' split problem? There is also a diagram that clearly shows what happens and what happens-GIGAZINE

By Dennis M2

As a result of multiple votes, the Traproot upgrade was decided to be applied on June 12, 2021 Japan time, with more than 90% of the votes in favor. From now on, after careful testing of Traproot by community members, official operation is scheduled to begin in November 2021.

in Software,   Web Service, Posted by log1o_hf