It can be considered the biggest update on the blockchain since 2017 in Bitcoin. A major update to privacy and security on the network system,Taproot can be called the long-awaited code upgrade in blockchain industry.It is also very remarkable that major security update comes during critical ATH periods for Bitcoin. Petty details are important about that Taproot update that will take Bitcoin further.The last time the major SegWit(Segregated Witness) update happened was 4 years ago.The advantages of Taproot and this upgrade is divided into specific parts; The first purpose is to ensure that certain transactions to be made in Bitcoin aren't revealed specifically and that they are confidential.The Taproot update was approved by miners in November, which is expected after a 3-month trial period.In addition, identity concealment and visibility feature come to the fore.In these days this Taproot update apparently didn't affect the price of Bitcoin.The last event that greatly affected the price of Bitcoin was the Evergrande group bankruptcy.Sign up to discover human stories that deepen your understanding of the world.
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