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Topic: Create Taproot address for your Bitcoin (Read 1262 times)

legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
October 26, 2023, 11:55:58 AM
#48
Other wallets that are supporting pay-to-taproot are: Fully Nodes, BitBox02, Coldcard, Specter, Bitmask, Muun, Zeus wallet, Blixt walletz, MyCitadel, Exodus wallet etc cetera.
You're right, but it's worth mentioning that @SquirrelJulietGarden wanted to only list open-source wallets so some of the above names would've not been added to the list, but I don't think it matters anymore since it appears that OP is no longer interested in updating the thread [unfortunately].
legendary
Activity: 1512
Merit: 4795
October 26, 2023, 09:44:03 AM
#47
You can also add the "Unstoppable Wallet" to the list.
Unstoppable wallet is supporting pay-to-taproot addresses, but there are still other wallets that can be included.

Other wallets that are supporting pay-to-taproot are: Fully Nodes, BitBox02, Coldcard, Specter, Bitmask, Muun, Zeus wallet, Blixt walletz, MyCitadel, Exodus wallet etc cetera.

You can see it here: Wallets supporting Taproot
sr. member
Activity: 630
Merit: 374
October 25, 2023, 10:02:14 PM
#46
@SquirrelJulietGarden, Recently I was interested in knowing more about the Taproot address for my Bitcoin wallet and Little Mouse referred me to this topic. He also mentioned the images are outdated due to the Imgur issue. But as I can see, you are active and SFR10 already collected all those images.

Would you mind updating those images so we can see understand the tutorial better? I also agree with SFR10 that this topic supposed to be in Beginner and help section instead of Bitcoin discussion.
legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
October 06, 2023, 05:01:22 PM
#45
@SquirrelJulietGarden
Not sure why this thread has moved to the "Bitcoin Discussion" board [last time I checked, it was in the "Beginners & Help" board], but regardless of that, I decided to re-upload all of those invalid Imgur images into "TalkImg".


You can also add the "Unstoppable Wallet" to the list.
hero member
Activity: 1316
Merit: 727
April 26, 2023, 10:48:38 AM
#44
All this is rather sad, also because LN is certainly an interesting technology, but its demand for bitcoin users is still a big question?  This is too complicated for an ordinary not very literate bitcoin user.  And by the way, in the last 5 years, LN has not evolved into a global technology, because there are many reasons why it is developing so slowly.
The adoption for Bitcoin Lightning Network is better than few years ago. Rome wasn't built in a day so with this increasing adoption for Lightning Network, we can expect something bigger for it.

You can consider similarly to adoption for Bitcoin Segwit address and transaction. It did not catch too much attention and bitcoin users to use it. After a few years since 2017, it is very big now.

https://blockchair.com/bitcoin/charts/segwit-usage

Quote
If I'm not mistaken, only about 5000 BTC are blocked in the LN channels so far, which is very small compared to the entire BTC turnover.
This is nearly correct, 5540 BTC are blocked in 84540 Lightning Network channels.
https://txstats.com/dashboard/db/lightning-network?orgId=1&from=now-5y&to=now
hero member
Activity: 1610
Merit: 879
#SWGT CERTIK Audited
April 25, 2023, 07:09:11 AM
#43
If I'm not mistaken, only about 5000 BTC are blocked in the LN channels so far, which is very small compared to the entire BTC turnover.  
You mean the amount of bitcoin in public channels on the lightning network? Yes, just 5535.72 BTC as of today.

I think it would be better for the devs of this wallet to focus on the Taproot theme, as it is more promising.  Nunchuk, OneKey, Ledger, and other hardware wallets are already far ahead in these upgrades to their wallets.
Lightning network is lightning network. Taproot is Taproot. They are just not the same and one did not disturb the other.
All the same, these two areas should be dealt with even despite the increased requirements for those programmers who are able to code at the Taproot level.  Of course, we are not aware of the priorities of devs of different wallets, but, in my opinion, the topic of improvements in terms of simplifying the use of LN, if many devs of different wallets are involved in it, will face a serious problem when opening new channels, especially when this is done automatically.  Just because of the mass use.  Honestly, I don’t know how important it is to apply all the efforts of devs only to the topic of improvements or the introduction of LN.  
The experience of such a popular wallet as the Blue wallet, which will partially limit LN from April 30, about which it warned everyone a long time ago, tells us that the relevance of this topic has been lost for Blue.  
And I guess I understand them.  
The wallet without LN is quite convenient and popular, since users have already downloaded it only from the Android market more than 100 000 times.
legendary
Activity: 1512
Merit: 4795
April 24, 2023, 11:36:37 AM
#42
If I'm not mistaken, only about 5000 BTC are blocked in the LN channels so far, which is very small compared to the entire BTC turnover. 
You mean the amount of bitcoin in public channels on the lightning network? Yes, just 5535.72 BTC as of today.

I think it would be better for the devs of this wallet to focus on the Taproot theme, as it is more promising.  Nunchuk, OneKey, Ledger, and other hardware wallets are already far ahead in these upgrades to their wallets.
Lightning network is lightning network. Taproot is Taproot. They are just not the same and one did not disturb the other.
hero member
Activity: 1610
Merit: 879
#SWGT CERTIK Audited
April 24, 2023, 10:20:06 AM
#41
Do you have any information when devs electrum will finally add Taproot support. ?
AFAIK, there's no roadmap on their "Github repo",  so I don't think anyone of us has that information, but they did mention "Taproot has to wait because they're focusing on the lightning & UX parts" and since most of their recent updates involve lightning, I don't think it's that far [hopefully].

I'm just surprised by this decision devs electrum?. 
Same here and they seemed to be annoyed when users ask about it:

All this is rather sad, also because LN is certainly an interesting technology, but its demand for bitcoin users is still a big question?  This is too complicated for an ordinary not very literate bitcoin user.  And by the way, in the last 5 years, LN has not evolved into a global technology, because there are many reasons why it is developing so slowly.  If I'm not mistaken, only about 5000 BTC are blocked in the LN channels so far, which is very small compared to the entire BTC turnover. 

I think it would be better for the devs of this wallet to focus on the Taproot theme, as it is more promising.  Nunchuk, OneKey, Ledger, and other hardware wallets are already far ahead in these upgrades to their wallets.
legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
April 23, 2023, 05:15:28 AM
#40
Do you have any information when devs electrum will finally add Taproot support. ?
AFAIK, there's no roadmap on their "Github repo",  so I don't think anyone of us has that information, but they did mention "Taproot has to wait because they're focusing on the lightning & UX parts" and since most of their recent updates involve lightning, I don't think it's that far [hopefully].

I'm just surprised by this decision devs electrum?. 
Same here and they seemed to be annoyed when users ask about it:

hero member
Activity: 1610
Merit: 879
#SWGT CERTIK Audited
April 23, 2023, 02:56:38 AM
#39
Dear colleagues! 
Do you have any information when devs electrum will finally add Taproot support. ?
 it’s generally strange that such a popular wallet hasn’t been able to do this for so long.  I'm just surprised by this decision devs electrum?. 
Obviously, you still have to add P2TR accounts.  And it's better if the devs add them sooner rather than later.
hero member
Activity: 1316
Merit: 727
April 05, 2023, 08:45:23 PM
#38
Make it visible for newbies to discover Taproot


Thank you. I updated OP with OneKey and your guide.
legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
April 05, 2023, 10:10:19 AM
#37
@SquirrelJulietGarden
OneKey recently added support for Taproot, so here are the steps for creating Taproot addresses in their Android app [it seems to be "open-source"]:

  • When you first open the app, it creates an Ethereum account by default, so you have to change it from the top of the page and select Bitcoin.
    • Then click the "create account" button:


  • Choose Taproot



  • Click "receive" button

legendary
Activity: 1512
Merit: 4795
March 02, 2023, 02:31:25 AM
#36
Create your Bitcoin wallet with Taproot addresses to minimize fee you pay for transactions and to support Taproot adoption.
P2TR transactions are of low fee, but it is worth knowing that the segwit version 0 which is still widely used are also of low fee. If you are the type that make transactions with many outputs often with little inputs, segwit version 0 is of lower fee, but if you are the type that receive transactions often without spending it, P2TR is of low fee while consolidating or sending more inputs.
hero member
Activity: 1316
Merit: 727
March 02, 2023, 02:00:01 AM
#35
Create your Bitcoin wallet with Taproot addresses to minimize fee you pay for transactions and to support Taproot adoption.

The adoption is upward parabolic in last one year.

Bitcoin Taproot (Bech32m - bc1p) adoption in past 1 year.
legendary
Activity: 2688
Merit: 1208
Once a man, twice a child!
December 01, 2022, 11:52:17 AM
#34
- So why did I blur in some images? I want to make a good practice but forgot to blur in one or two images which were spotted by some members. Because I think if we don't care about blurring image with example, maybe we will have bad habit to be careless when we share wallets which we actually use for our bitcoins.
Ok, I think I've an idea what you intended to achieve by blurring addresses and that's to alert users that they don't have to expose their addresses. However, I don't that should be any problem with public addresses since it's the medium for receiving transactions. I don't think anyone loses anything by exposing that or do they? That's not like Pkeys or Passphrases.
hero member
Activity: 1316
Merit: 727
November 30, 2022, 11:30:27 PM
#33
OP, I know almost everyone is all about privacy but I do think you could've chosen to use fresh wallet addresses or newly installed wallets for your exposition in instances where you needed to blur the addresses like in a few examples you made. By the way, it's there any reason for blurring them while some were left open?
You made a valid point and I much appreciate it.

It is a good reminder for newbies who share their seeds, private key, public address online without consideration about their privacy.

Everything is clear but what I'm concerned is why have you blurred the address in the url section while the same address is available right after the payment url. Or what is missing which I can't find or understand.
Nor reply to Husna QA's mention of the uncensored part of the image:
You are censoring Bitcoin addresses on the barcode and URI but not censoring the Address field.
I wanted to reply when I saw those posts but I did not log in my account. Today I can answer that
- That wallet is a dummy one that I never use.
- So why did I blur in some images? I want to make a good practice but forgot to blur in one or two images which were spotted by some members. Because I think if we don't care about blurring image with example, maybe we will have bad habit to be careless when we share wallets which we actually use for our bitcoins.

Quote
My guess is: The QR Code is censored so that user wont accidentally scan it, and the URI part of the invoice is censored so users wont be able to click it (but it's an image Tongue).
You made a funny guess but there are reasons why you guessed so. Well minded man.
legendary
Activity: 2394
Merit: 5531
Self-proclaimed Genius
November 29, 2022, 05:45:14 AM
#32
By the way, it's there any reason for blurring them while some were left open?
He didn't answer Little Mouse's question as well:
Everything is clear but what I'm concerned is why have you blurred the address in the url section while the same address is available right after the payment url. Or what is missing which I can't find or understand.
Nor reply to Husna QA's mention of the uncensored part of the image:
You are censoring Bitcoin addresses on the barcode and URI but not censoring the Address field.

My guess is: The QR Code is censored so that user wont accidentally scan it, and the URI part of the invoice is censored so users wont be able to click it (but it's an image :P).
legendary
Activity: 2688
Merit: 1208
Once a man, twice a child!
November 29, 2022, 04:37:16 AM
#31
OP, I know almost everyone is all about privacy but I do think you could've chosen to use fresh wallet addresses or newly installed wallets for your exposition in instances where you needed to blur the addresses like in a few examples you made. By the way, it's there any reason for blurring them while some were left open?
legendary
Activity: 1512
Merit: 4795
November 29, 2022, 03:29:20 AM
#30
it's quite sad electrum is too late to implement, electrum is what most people used. The dev must be looking to implement it on the next update.
One of the wallet I have been expecting P2TR in its update is Electrum, but nothing like that yet, but Electrum is still one of the best bitcoin wallets with many features that many other bitcoin wallets are not having, we hope it supports P2TR later on. Another wallet I have been expecting to see P2TR is Bluewallet, not yet supporting it too.

I will have to spend a few days to consider it. Main reason is Exodus wallet is not a completely open-source wallet. Many opponents of that wallet are close-source.
Unless you just want to make a table to differentiate the open source wallets and the close source wallets that support P2TR would be my advice. I too will like to see just the open source wallets that support P2TR only on your list. Close source wallets should not be recommended because of any reason when there are open source alternatives.

hero member
Activity: 1316
Merit: 727
November 28, 2022, 10:11:04 PM
#29
You might want also to add Exodus to the list Smiley
I will have to spend a few days to consider it. Main reason is Exodus wallet is not a completely open-source wallet. Many opponents of that wallet are close-source.

Is Exodus open source?

Although Exodus is built on many open-source components, there are components of Exodus that are not open-source.

Exodus publishes some open-source work used in Exodus on Github. You can view the source code, history, and continually published updates by visiting: Exodus Movement.

You can find Exodus's developer documentation that shows you how to support Exodus Web3 Wallet in your Web3 app here: Exodus Docs.

Quote
Thank you for links that look useful but as written, I will have to consider about the close-source specification of Exodus wallet.
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