A major step toward the next era of Bitcoin was made today. The code is final, and it is now in the Bitcoin codebase as of today. The next steps are an activation method, and a full client release for the network to begin the process of adding it to the global consensus.
But before that happens, let's talk about where we are today, what advantages Taproot can give us again, & what the future of Bitcoin, privacy, & Lightning are with this new tool at our disposal. Today's Guy's Take is all about Taproot, so let's get into it!
Want to check it out on Github and be a nerd?
https://github.com/bitcoin/bitcoin/pull/19953
For a deeper dive into Taproot check out Aaron Van Wirdum's piece digging into it on Bitcoin Magazine:
Taproot is Coming:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_318---Taproot-is-Coming-Aaron-van-Wirdum-e8um0c
Much love to our many patrons making this show possible! If you want to join in with the crew, go to Patreon.com/thecryptoconomy and become a patron!
And another thank you to our sponsor, Hexa Wallet for keeping this show alaive, and for building one of the best mobile wallets out there. With tons of features to come, check it out at HexaWallet.io
"Thus, Bitcoin is the first free, non-commercial software project with the intensity of a commercial product." Today we hit Section 6 of the Iterative.Capital...
Prices are relative, Bitcoin is infinitely scalable, stability for the sake of stability is undesirable, maximal instability in prices maximizes resilience in the markets,...
Everything that defines the Bitcoin network is in the validation rules, and the nodes are its enforcers. An impenetrable fortress of validation. Because it...