What did Bitcoin’s Taproot upgrade change? Don’t worry—the class rep is here to explain:
Ordinals inscriptions, which took off in early 2023, wrote data into the witness portion of Taproot transactions, followed by the emergence of BRC-20 tokens.
Taproot’s privacy improvement is that when spending via 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.
Knowledge won’t make me rich overnight, but it can help me avoid a few pitfalls.
$BTC 82596（+0.82%）
#BTC
Ordinals inscriptions, which took off in early 2023, wrote data into the witness portion of Taproot transactions, followed by the emergence of BRC-20 tokens.
Taproot’s privacy improvement is that when spending via 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.
Knowledge won’t make me rich overnight, but it can help me avoid a few pitfalls.
$BTC 82596（+0.82%）
#BTC