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Taproot
A Bitcoin upgrade that improved transaction privacy, flexibility, and efficiency for complex spending conditions.
Taproot is a Bitcoin protocol upgrade that made complex transactions (such as multi-signature spending conditions) appear similar to simple ones on-chain, improving privacy, and made such transactions more efficient.
It also introduced a more flexible scripting system, giving developers more efficient tools for building advanced Bitcoin-based applications.
Examples
- A Taproot transaction using a complex spending condition can look similar on-chain to a simple transfer.
- Taproot adoption has grown gradually since its activation on the Bitcoin network.