“The Bitcoin mining community has resoundingly voted for the Taproot upgrade to the Bitcoin network and it’s now expected to be implemented around the end of 2021. The upgrade is primarily aimed at improving the privacy of multisignature (multisig) transactions and unlocking the potential for smart contracts to run on Bitcoin, planting its tanks firmly on Ethereum’s lawn. The upgrade will also make it cheaper to transact on the Lightning Network.”
I posted this paragraph here a little while ago, and xposted to r/lightning network, to crickets, had absolutely no response. Anyone have any thoughts/info on the Taproot fork? It’s the biggest Bitcoin upgrade in a long time and the net seems kind of quiet on this?
I’ve heard it mentioned that Bitcoin can attribute some of its reputation for security to its simplicity, could the facilitation of smart contracts, DeFi and the minting of NFTs open up chinks in Bitcoins armour? Could the network become bogged down by the new traffic from DeFi/NFTs?
Should I sell my vital organs to but BTC before taproot?
Submitted October 18, 2021 at 06:49PM by h0rologist https://bit.ly/3lTO981
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