What is Bitcoin Taproot?
-
What is Bitcoin Taproot?
What is Bitcoin Taproot? The Taproot upgrade, encompassing BIPs 340, 341, and 342, introduces three key enhancements to the Bitcoin protocol: Schnorr Signatures, Taproot, and Tapscript. Collectively known as BIP Taproot, these upgrades bring forth improved efficiency, flexibility, and privacy for Bitcoin transactions. Let’s delve into these Bitcoin upgrades in detail. Schnorr Signatures Claus Schnorr,…