Bitcoin Taproot Activation Set to Lock In This Weekend

[Fawpac2]

Bitcoin (BTC)’s major Taproot upgrade might lock in in less than 24 hours as more than the required minimum of miners are signaling support for the soft fork, indicates taproot.watch. According to the website, at 14:24 UTC, the current signalling ratio is 98.38%. A minimum of 90% of all miners signaling support for Taproot is needed to lock in the soft fork activation, and there are 290 blocks that are yet to be mined until the next mining difficulty adjustment. Out of these 290 blocks, 117 of them have to be “green” in order to meet the 90% threshold, meaning that the Taproot will lock in with this current signaling ratio. The next difficulty adjustment is estimated to happen in two days, per mining pool BTC.com, but if the current signaling ratio is maintained, Taproot should be locked in in less than a day. Bitcoin educator and entrepreneur Andreas M. Antonopoulos said that the much-debated “Speedy Trial” Taproot activation method was “a big success,” and that he was optimistic about the fact that it took only two of total six epochs for the miners to coordinate the upgrade.Source