2021-02-03 Coindesk - Taproot Update: Bitcoin Users Home In on Activation Plan

imranalimirza606

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Quote from: acquafredda on February 04, 2021, 12:47:34 PM

Quote

Many of Bitcoin’s most active stakeholders have just about nailed down the activation method for Taproot, the Bitcoin software’s biggest upgrade in years.

In a public meeting on Internet Relay Chat (IRC) Tuesday, Bitcoin developers, miners, business professionals and enthusiasts hashed out the specifics of how to package the Taproot upgrade into an update – and how to activate it once the code has been shipped.

https://www.coindesk.com/taproot-bitcoin-upgrade-activation-update

IMHO, this is a great article finally. I like the fact that Coindesk spends some time to dig more into the bitcoin technical aspects. Being a non-technical user it is nice when articles like this one explains in simple words what is happening about these bitcoin upgrades.

acquafredda

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https://www.coindesk.com/taproot-bitcoin-upgrade-improve-technology-software
And here more specifically you can look for the complete article coverage that Coindesk has done so far on Taproot.
https://www.coindesk.com/tag/taproot
Considering that Taproot is one of those techy upgrades, I find coindesk's stance quite good in using some common language to explain what it does.

Xavofat

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Did you see that ludicrous display last night?

Quote from: acquafredda on February 04, 2021, 12:47:34 PM

Quote

Many of Bitcoin’s most active stakeholders have just about nailed down the activation method for Taproot, the Bitcoin software’s biggest upgrade in years.

In a public meeting on Internet Relay Chat (IRC) Tuesday, Bitcoin developers, miners, business professionals and enthusiasts hashed out the specifics of how to package the Taproot upgrade into an update – and how to activate it once the code has been shipped.

https://www.coindesk.com/taproot-bitcoin-upgrade-activation-update

IMHO, this is a great article finally. I like the fact that Coindesk spends some time to dig more into the bitcoin technical aspects. Being a non-technical user it is nice when articles like this one explains in simple words what is happening about these bitcoin upgrades.

This article unfortunately doesn't explain much about what Taproot will actually do to the Bitcoin network. It'll be good for privacy by hiding multisig and timelock transactions, which will also help raise the TPS rate and reduce transaction fees.

I agree with Dashjr that the best option is for node operators to run BIP8 (true) software and reject non-Taproot blocks. The fees on Bitcoin transactions are so much higher now than they were when I started using Bitcoin.

acquafredda

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Merit: 1481

Quote

Many of Bitcoin’s most active stakeholders have just about nailed down the activation method for Taproot, the Bitcoin software’s biggest upgrade in years.

In a public meeting on Internet Relay Chat (IRC) Tuesday, Bitcoin developers, miners, business professionals and enthusiasts hashed out the specifics of how to package the Taproot upgrade into an update – and how to activate it once the code has been shipped.

https://www.coindesk.com/taproot-bitcoin-upgrade-activation-update

IMHO, this is a great article finally. I like the fact that Coindesk spends some time to dig more into the bitcoin technical aspects. Being a non-technical user it is nice when articles like this one explains in simple words what is happening about these bitcoin upgrades.

Topic: 2021-02-03 Coindesk - Taproot Update: Bitcoin Users Home In on Activation Plan (Read 118 times)