11-15-2021, 02:04 AM
Everything you need to know about the Taproot Upgrade to Bitcoin in about 1 minute!
<!-- SC_OFF --><div class="md"><p>Biggest upgrade to the Bitcoin network since 2017</p> <p>Unlike most Bitcoin upgrades, this one has had little to no strife; The community is excited!</p> <p>BIP 340- A cryptographic program that makes difficult transactions more safe and secure.</p> <p>BIP 341- improves the SegWit upgrade by making it more private and lowering transaction fees.</p> <p>BIP 342- reforms Bitcoin's scripting language and introduces "Tapscript," which changes how signatures are evaluated. (not sure of the implications).</p> <p>In sum, cheaper transactions, more secure and private, and more scalable. Although, this upgrade isn’t massive, it’s laying the groundwork for future plans.</p> <p>Happy HODLing!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/drytendies"> /u/drytendies </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qtf3yy/everything_you_need_to_know_about_the_taproot/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qtf3yy/everything_you_need_to_know_about_the_taproot/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Biggest upgrade to the Bitcoin network since 2017</p> <p>Unlike most Bitcoin upgrades, this one has had little to no strife; The community is excited!</p> <p>BIP 340- A cryptographic program that makes difficult transactions more safe and secure.</p> <p>BIP 341- improves the SegWit upgrade by making it more private and lowering transaction fees.</p> <p>BIP 342- reforms Bitcoin's scripting language and introduces "Tapscript," which changes how signatures are evaluated. (not sure of the implications).</p> <p>In sum, cheaper transactions, more secure and private, and more scalable. Although, this upgrade isn’t massive, it’s laying the groundwork for future plans.</p> <p>Happy HODLing!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/drytendies"> /u/drytendies </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qtf3yy/everything_you_need_to_know_about_the_taproot/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qtf3yy/everything_you_need_to_know_about_the_taproot/">[comments]</a></span>Kind Regards R