What did Bitcoin’s Taproot upgrade change?
The Ordinals inscriptions that emerged in early 2023 wrote data into the witness portion of Taproot transactions, and BRC-20 tokens later appeared.
When spending, only the actually used conditions are revealed, so less data needs to be written into the block, and fees are lower too.
$BTC Taproot addresses start with bc1p, unlike SegWit addresses that start with bc1q. Currently 82488.37.
Understanding the mechanism is for making clearer decisions before deciding, not for guessing market trends.
#BTC
For reference only, not investment advice.
The Ordinals inscriptions that emerged in early 2023 wrote data into the witness portion of Taproot transactions, and BRC-20 tokens later appeared.
When spending, only the actually used conditions are revealed, so less data needs to be written into the block, and fees are lower too.
$BTC Taproot addresses start with bc1p, unlike SegWit addresses that start with bc1q. Currently 82488.37.
Understanding the mechanism is for making clearer decisions before deciding, not for guessing market trends.
#BTC
For reference only, not investment advice.