Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Taproot is a proposed change to the Bitcoin protocol that […]
What Is Bitcoin Taproot
Bitcoin taproot is a proposed upgrade to the Bitcoin protocol that would make it possible to add new features without needing to hard fork the blockchain. The name “taproot” is derived from the fact that the proposed upgrade would make it possible to add new features by “tapping” into the existing Bitcoin blockchain. The proposed […]
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