🔍 Technical Principles | Taproot Upgrade
· What it is: Taproot puts multiple spending conditions into a Merkle tree (MAST). When spending, you only need to reveal the condition actually used.
· How to understand it: Revealing only the condition actually used means less transaction data needs to be written to the block, which also lowers fees.
· Note: Before sending funds to an address starting with bc1p, check whether your wallet or platform supports sending to Taproot addresses.
$BTC 82570.01 (+0.86%)
Whether to buy is up to you; I’m just sharing.
· What it is: Taproot puts multiple spending conditions into a Merkle tree (MAST). When spending, you only need to reveal the condition actually used.
· How to understand it: Revealing only the condition actually used means less transaction data needs to be written to the block, which also lowers fees.
· Note: Before sending funds to an address starting with bc1p, check whether your wallet or platform supports sending to Taproot addresses.
$BTC 82570.01 (+0.86%)
Whether to buy is up to you; I’m just sharing.