Bitcoin Miners Lock In Privacy-Focused Taproot Upgrade

[Tamsialu$$]

Taproot is a privacy-preserving upgrade to the Bitcoin protocol. Miners have activated a major upgrade to the Bitcoin protocol. On Saturday afternoon, they finally locked in the requisite number of blocks to lock in the Taproot upgrade, a protocol that obscures complicated transactions and lowers transaction fees. As it stands, pre-Taproot, complex Bitcoin transactions add a lot of code to the ledger and are easily identifiable. This makes it easier to track the flow of money, unnecessarily bulks out the blockchain and hikes up transaction fees. Not ideal for a privacy-focused payments network that’s short on space.source