Coinbase Now Supports Bitcoin Transfers to Taproot Addresses

## Coinbase Embraces Taproot: Bitcoin Transfers Now Supported Major US-based crypto exchange Coinbase announced via its official X (formerly Twitter) handle late last night that "Coinbase.com now supports sending bitcoin to Taproot addresses." ### Understanding Taproot: Bitcoin's Game-Changer Taproot, a highly anticipated Bitcoin upgrade, brings significant improvements to the network. It incorporates Schnorr digital signatures, building upon the SegWit upgrade. This upgrade offers several advantages: Enhanced Privacy: By combining multiple transactions into a single one, Taproot increases privacy, making it harder to track Bitcoin movements. Reduced Transaction Fees: Taproot optimizes transaction structure, resulting in lower transaction fees, which is beneficial for users and businesses alike. With Coinbase now supporting Taproot, it becomes more accessible for users to leverage its benefits. This move demonstrates the exchange's commitment to supporting the latest and most secure Bitcoin technologies.