{"id":984,"date":"2021-11-14T14:19:55","date_gmt":"2021-11-14T10:49:55","guid":{"rendered":"https:\/\/blog.finnogate.com\/?p=984"},"modified":"2022-01-10T12:42:31","modified_gmt":"2022-01-10T09:12:31","slug":"taproot-bitcoin-upgrade","status":"publish","type":"post","link":"https:\/\/finnogate.ir\/blog\/taproot-bitcoin-upgrade\/?lang=en","title":{"rendered":"Taproot Bitcoin upgrade"},"content":{"rendered":"\n<p class=\"has-text-align-left has-medium-font-size\"><strong>Taproot Bitcoin upgrade<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/finnogate.com\/blog\/wp-content\/uploads\/2021\/11\/Webp.net-resizeimage-1-1024x576.png\" alt=\"\" class=\"wp-image-982\" srcset=\"https:\/\/finnogate.ir\/blog\/wp-content\/uploads\/2021\/11\/Webp.net-resizeimage-1-1024x576.png 1024w, https:\/\/finnogate.ir\/blog\/wp-content\/uploads\/2021\/11\/Webp.net-resizeimage-1-300x169.png 300w, https:\/\/finnogate.ir\/blog\/wp-content\/uploads\/2021\/11\/Webp.net-resizeimage-1-768x432.png 768w, https:\/\/finnogate.ir\/blog\/wp-content\/uploads\/2021\/11\/Webp.net-resizeimage-1.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p class=\"has-text-align-left\">This upgrade, which took place on Sunday morning, November 14th, &nbsp;focuses on the expansion of the Bitcoin network\u2019s smart contract capabilities and improves privacy on the network<\/p>\n\n\n\n<p class=\"has-text-align-left\">Bitcoin was set to&nbsp;undergo a major network upgrade, Taproot, on Nov. 14 as per&nbsp;data&nbsp;from Taproot.watch. This is the first significant upgrade since&nbsp;the Segregated Witness (SegWit), which eventually culminated in the development and launch of the&nbsp;Lightning Network in 2018. The original Taproot proposal was&nbsp;made&nbsp;by Bitcoin core contributor and former Blockstream chief training officer Gregory Maxwell on Jan 23, 2018<\/p>\n\n\n\n<p class=\"has-text-align-left\">While the previous SegWit upgrade was aimed to resolve transaction malleability and improve the scalability of the Bitcoin network, the Taproot upgrade is targeted to improve transaction efficiency, the privacy of the network, and its ability to support smart contract initiatives. The upgrade was set into motion only after attaining a 90% consensus among the Bitcoin mining nodes on June 12, as&nbsp;announced&nbsp;by Bitcoin developer Hampus Sj\u00f6berg on Twitter. Sj\u00f6berg also made the Taproot.watch website to track the updates for the Taproot upgrade<\/p>\n\n\n\n<p class=\"has-text-align-left\">Ben Caselin, head of research and strategy at AAX, a cryptocurrency exchange, told Cointelegraph, \u201cThe Taproot Upgrade coming to Bitcoin is among the most impactful changes to be implemented on the network. The upgrade brings smart contract functionality to the protocol, and it optimizes for cost efficiency and privacy<\/p>\n\n\n\n<p class=\"has-text-align-left\">He also noted that the smart contract functionality coming to Bitcoin is significant even though there are so many high-performing protocols that are functioning already, stating \u201cwe have to remember that Bitcoin is the only truly non-sovereign network that offers the highest degree of network security on the planet<\/p>\n\n\n\n<p class=\"has-text-align-left\">cointelegraph.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What do you know about Taprot upgrade<\/p>\n","protected":false},"author":1,"featured_media":982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7,8],"tags":[12],"_links":{"self":[{"href":"https:\/\/finnogate.ir\/blog\/wp-json\/wp\/v2\/posts\/984"}],"collection":[{"href":"https:\/\/finnogate.ir\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finnogate.ir\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finnogate.ir\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finnogate.ir\/blog\/wp-json\/wp\/v2\/comments?post=984"}],"version-history":[{"count":3,"href":"https:\/\/finnogate.ir\/blog\/wp-json\/wp\/v2\/posts\/984\/revisions"}],"predecessor-version":[{"id":1532,"href":"https:\/\/finnogate.ir\/blog\/wp-json\/wp\/v2\/posts\/984\/revisions\/1532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finnogate.ir\/blog\/wp-json\/wp\/v2\/media\/982"}],"wp:attachment":[{"href":"https:\/\/finnogate.ir\/blog\/wp-json\/wp\/v2\/media?parent=984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finnogate.ir\/blog\/wp-json\/wp\/v2\/categories?post=984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finnogate.ir\/blog\/wp-json\/wp\/v2\/tags?post=984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}