Posted on 11/13/2021 10:06:37 AM PST by Vermont Lt
Understanding exactly what about the Bitcoin network implementing Taproot changes is necessary for understanding why the changes were needed. Taproot is the combination of many Bitcoin Improvement Proposals (BIPs) resulting in a soft fork of Bitcoin’s blockchain. A soft fork is a proposed upgrade that over time is adopted as the only blockchain, meaning the old one will cease to operate once the new one (in this case, Taproot) is fully adopted.
(Excerpt) Read more at bitcoinmagazine.com ...
But for those interested the code was upgraded this weekend to include more immutable security and faster processing. In addition, the script code was altered to allow for the application of digital contracts.
If you are just getting educated on this stuff...it make take a couple of reads to "get it." But it helps understands how the system works.
For the ping list.
Ping!!!
Gotta love government-free money.
Tanks!
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