Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Rain075 on June 12, 2021, 10:28:07 AM
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On Friday, June 11, 2021, data shows that Taproot could get locked-in this coming weekend, as the signal ratio is 98.3% and a touch more than 100 additional signaling blocks are needed to lock in the upcoming soft fork.
Bitcoin Upgrade Taproot Inches Toward Lock-in, Success Means Activation in November
Participants involved with the Bitcoin (BTC) network are preparing to see a softfork in November if the signaling status of “Speedy trial support for versionbits #21377” gets locked in this weekend.
According to the Github “Taproot-Activation” documentation, the Bitcoin Taproot upgrade involves an “upgrade that can be deployed as a forward-compatible soft fork.”
The upgrade also combines the “Schnorr signature scheme with MAST (Merklized Alternative Script Tree) and a new scripting language called Tapscript, Taproot will expand Bitcoin’s smart contract flexibility, while offering more privacy by letting users mask complex smart contracts as a regular bitcoin transaction.”
Bitcoiners believe the Taproot upgrade and adding the Schnorr signature scheme with MAST will benefit BTC’s privacy and scaling.source (https://cryptonews.net/794255/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)