Taproot Update for is Bitcoin Network is Nearly Ready
The long-awaited Taproot update, which can significantly increase the performance of bitcoin, is almost ready, one of the key developers Pieter Wuille informed. Recall that Taproot was first presented two years ago. It implies a significant increase in scalability, expansion of functionality, as well as increase the privacy of the Bitcoin network. The cryptocurrency expert Steve Lee believes that after the release of this update, commissions will decrease by 30-75%, and block validation will increase by about 2.5 times. Based on the information received from Wuille, at this stage, developers are finalizing comments, and the update is at the final stage of development. To keep up with the latest news in the world of cryptocurrencies and the blockchain industry, check out updates on TheCoinShark.