Tag: upgrade Bitcoin network

Bitcoin What Is Taproot

What is Taproot? Taproot is a proposed upgrade to the Bitcoin protocol that would add a new feature called “merkle branches.” This would allow transactions to be verified more efficiently, allowing for more complex smart contracts to be built on the Bitcoin network. How Does Taproot Work? Taproot works by allowing transactions to be verified […]

What Does Taproot Mean For Bitcoin

What Does Taproot Mean For Bitcoin The Bitcoin network is a complex system with a vast number of features. One of these features is called taproot. Taproot is a proposed upgrade to the Bitcoin network that would make it more efficient and private. In this article, we will discuss what taproot is, how it works, […]