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Keyword: taproot

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  • Understanding Taproot in a simple way.

    11/13/2021 10:06:37 AM PST · by Vermont Lt · 4 replies
    Bitcoin Magazine ^ | 11/13/2021 | Shawn Amlik
    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.