What did Bitcoin’s Taproot upgrade change? Many people can’t answer!
Taproot consists of three proposals—BIP-340, BIP-341, and BIP-342—which define Schnorr signatures, Taproot spending rules, and Tapscript, respectively.
Taproot’s privacy improvement is that when spending through the usual path, complex scripts such as multisig and ordinary single-signature payments are difficult to distinguish on-chain. Observers can’t tell that other conditions are hidden behind them.
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