Bitcoin Taproot upgrade is all set to get activated by this Saturday nearly five months after getting locked in nearly five months ago in June. The taproot upgrade is being seen as one of the biggest upgrades on the BTC network in a decades time. The much-awaited upgrade promises to help with privacy, efficiency, and security.
Taproot promises to bring programmable scripting quite similar to Ethereum smart contracts and thus could make way for other ecosystems working on top of it. In today’s time even though Bitcoin is clearly the top crypto asset, its functions are not as vast as smart contract networks such as Ethereum, and Polkadot.
With a focus on privacy, the Taproot upgrade would introduce MAST (Merkelized Abstract Syntax Tree) which would make it easier to obscure the source of transactions and make the Bitcoin network more privacy-centered. The upgrade would make it difficult for an outsider to differentiate between multi-signature transactions and Lightning Network transact
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