Bitcoin - An In-Depth Look At The Taproot Upgrade

Bitfreedom Research
1.66K Followers

Summary

  • In a few days, Bitcoin is set to complete arguably its most important upgrade to date.
  • The upgrade, known as "Taproot," will activate three fundamental and powerful changes within Bitcoin's base-level code.
  • Taproot will improve Bitcoin's privacy, security, and scalability, as well as allow for basic smart contract functionality on Bitcoin.
Data analyzing in exchange stock market: the candle chars on display. Analytics price change cryptocurrency BTC to USD (Bitcoin / US Dollar), the most popular pair in the world. Big Bitcoin logo.

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Although it has yet to receive much attention in the media, the importance of Bitcoin's (BTC-USD) Taproot upgrade cannot be understated. Come November 16th, Bitcoin will become more scalable, secure, private, and programmable. At a high level, the Taproot upgrade will activate three influential changes in

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of BTC-USD, ETH-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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