What did Bitcoin’s Taproot upgrade change? No need to panic—the class rep is here to explain:
Taproot puts multiple spending conditions into a Merkle tree (MAST). When spending, you only need to reveal the condition that was actually used.
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.
The homepage of my study notes says: Understand it before placing an order.
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