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Taproot Locks In – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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Bitcoin is upgrading.

Taproot, the Bitcoin protocol upgrade that makes smart contracts more private and compact, has locked in. As of just now, more than 90 percent of all blocks that will be mined in the current difficulty period have signaled support for the upgrade, which means that Bitcoin Core versions 0.21.1 and newer will start enforcing the new rules in November of this year, as will the alternative Taproot activation client.

Taproot

Taproot is the first Bitcoin protocol upgrade to go live since Segregated Witness activated in 2017. First proposed by former Blockstream CTO Gregory Maxwell and developed by Bitcoin Core contributors including Pieter Wuille, Anthony Towns, Johnson Lau, Jonas Nick, Andrew Poelstra, Tim Ruffing, Rusty Russell and Maxwell himself, Taproot will make Bitcoin’s smart contract features more compact, potentially more private, and in some cases a bit more flexible. As a soft fork, the upgrade is backwards compatible as long as a majority of miners enforce the new rules.



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