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How far will the much-awaited Taproot upgrade take Bitcoin
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Much-awaited Bitcoin Taproot softfork is set to take off in just a few hours.
There is so much excitement around Taproot’s Bitcoin Improvement Proposals (BIP) as it is the biggest upgrade in around four years, since SegWit. But, it is also important to understand that the softfork will not magically improve the network’s capabilities and privacy overnight.
Bitcoin programmer and technical expert Jimmy Song explained what will happen once the update takes off. He said in a recent interview with Natalie Brunell,
“A lot of wallet providers have yet to integrate taproot. So, it’s going to take a little bit of time and the benefits will be years out from now. Not like completely immediately.”
However, he does note that some changes would appear
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