Bitcoin just got its first makeover in four years

In practice, that means greater privacy, because your keys won't have as much exposure on the chain. "You can kind of hide who you are a little bit better, which is good," said Brandon Arvanaghi, previously a security engineer at crypto exchange Gemini.

Taproot makes smart contracts cheaper and smaller, in terms of the space they take up on the blockchain. Killeen says that this enhanced functionality and efficiency presents "mind blowing potential." Developers have already begun to build on Lightning, in anticipation of the upgrade, which will allow for highly specific contracts.

Though the bitcoin community has agreed to the upgrade, the rollout itself won't happen until probably November. A lot of testing ahead of time will reduce the likelihood of something going wrong during an upgrade.

thebearablebull Evolution is a painfully slow process.

thebearablebull But I thought BTC was already perfect and all others were 'shitcoins'...

Yeah it crashed 4 times in 2 months thats its make over

This is good! Great read!

Late to the news.... As usual

Smart contracts are the way to go

Pump and suck the retail money in for next dump

BCH BTC

😂

I noticed it mentioned taproot 'Is already the primary driver of innovation on the ethereum network' so time will tell if it will play out in a positive way in the cryptocurrency world.

node operators that are perfectly centralized just sayin

It doesn’t matter. It’s exactly like tulip mania and it’s all going to go to zero. I feel sorry for any bitcoin investors.

Etherium is better, but even more so Silver and Gold buygold

What’s stopping a Bitcoin “upgrade” that expands total supplies to 400 million coins?

good luck

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