The Bitcoin Taproot upgrade was locked on Saturday after a 90 percent mandate was reached.
This is the greatest upgrade in 4 years and is set to be enacted in November.
The Bitcoin Taproot upgrade has been forthcoming for weeks now. Until now, it has failed to garner enough mining support to be activated. It promises to be the most significant upgrade in the Bitcoin network for nearly four years following the Segregated Witness (Segwit) upgrade in 2017. This period reached 1815 Taproot signalling blocks which were required to lock in the upgrade. The upgrade is now due to take over around November. It introduces new protocols to bring privacy, enable scaling, multi-signature wallets and security.
Bitcoin is at times criticized for its limited utility. With Taproot Bitcoin expands its utility allowing new developers to build on the most stable and secure blockchain network. Additionally, unlike previous upgrades that have seen the community “fight,” the latest upgrade has nearl
