What is the Taproot upgrade?

Launched in November 2021, Taproot boosts Bitcoin's privacy by making complex transactions appear as regular transactions. Additionally, it introduces Schnorr signatures to shrink transaction sizes and cut costs.

Why was the Taproot upgrade important for Bitcoin?

Taproot was needed to fix privacy issues, lower high transaction fees, and make room for more efficient smart contracts on Bitcoin, improving its scalability and flexibility.

How does the Taproot upgrade improve privacy?

Taproot makes complex transactions blend in with standard ones. This improves privacy without compromising security.

What changes did Taproot bring to Bitcoin smart contracts?

Taproot improves the flexibility and efficiency of smart contracts. It allows DeFi projects to be built directly on Bitcoin, using less space and resources.

What is the Bitcoin Taproot upgrade?

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