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Bitcoin Core Taproot is a major upgrade to the Bitcoin network that improves privacy and scalability. It was activated in November 2021 and is integrated into Bitcoin Core, the reference client for Bitcoin.
This upgrade introduces Schnorr signatures, which allow for more efficient and private transactions. By combining multiple signatures into one, Taproot makes complex smart contracts look like regular transactions, enhancing user privacy.
Additionally, Taproot reduces transaction sizes, leading to lower fees and better network scalability. It is a key product in the evolution of Bitcoin, making it more secure and user-friendly for everyday use. |
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