What did Bitcoin’s Taproot upgrade change?
Schnorr signatures can aggregate multiple parties’ public keys into one. Once recorded on-chain, an address jointly controlled by multiple people looks just like one using a single signature.
Taproot stores multiple spending conditions in a Merkle tree (MAST). When spending, you only need to reveal the condition actually used.
When managing your position, the key thing to remember is: before sending funds to an address starting with bc1p, check whether your wallet or platform supports Taproot addresses.
$BTC 82761.61 (+1.39%)
Schnorr signatures can aggregate multiple parties’ public keys into one. Once recorded on-chain, an address jointly controlled by multiple people looks just like one using a single signature.
Taproot stores multiple spending conditions in a Merkle tree (MAST). When spending, you only need to reveal the condition actually used.
When managing your position, the key thing to remember is: before sending funds to an address starting with bc1p, check whether your wallet or platform supports Taproot addresses.
$BTC 82761.61 (+1.39%)