Bitcoin's Most Ambitious Upgrade in Years, Taproot, is Now Being Voted On For Implementation

in hive-116221 •  4 years ago 

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Taproot is a Bitcoin soft fork that integrates Schnorr cryptographic signatures, an alternative signature method to the ECDSA currently implemented on the network. This upgrade, in very simple terms, allows the creation of a kind of master key to summarize a set of signatures into a single one.

In this way, performing multi-signature multi-input transactions (UTXI) on Bitcoin becomes more efficient, cheaper, and easier.


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