Taproot Explained: Bringing DeFi to Bitcoin | Crypto Briefing

Key Takeaways

Taproot is the Bitcoin network’s first update in four years. It comes after the Segwit update divided the community and led to the separation of Bitcoin and Bitcoin Cash.
Taproot combines the public keys of all users in a complex transaction in a new unique key.

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Bitcoin Rebounds on Elon Musk Tweet, Taproot | Crypto Briefing

Key Takeaways

Bitcoin saw a 10% rebound Sunday through Monday, bringing the asset back to the crucial $40,000 psychological resistance.
Elon Musk tweeted that Tesla plans to accept Bitcoin again once mining becomes greener Sunday, which partly fueled the rise.

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Bitcoin Taproot upgrade finally locked-in, activation set for November

The Taproot upgrade has achieved the first significant milestone on the road to activation as 90% of the Bitcoin (BTC) mining hash rate signaled for the protocol improvement within the current difficulty epoch.
Data from Taproot.

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Almost all major Bitcoin mining pools now signaling for Taproot activation

Disclaimer: This article has been updated to reflect that BTC.Top has begun signaling for Taproot activation.
The top-10 Bitcoin (BTC) mining pools by hash rate distribution are now signaling for Taproot activation with BTC.TOP being the latest among them as of the time of writing.

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Bitcoin’s upcoming Taproot upgrade and why it matters for the network

While a vast majority of crypto enthusiasts around the globe seem to be gushing about Ether (ETH) at the moment and how its upcoming London hard fork stands to push the premier altcoin’s value even higher, reports have recently surfaced that suggest Bitcoin’s much-awaited Taproot upgrade will go liv

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Bitcoin Takes One Step Closer to a More Scalable and Private Future | Crypto Briefing

Key Takeaways

The codebase for Schnorr signatures and Taproot technologies were recently merged into Bitcoin Core.
The new technologies will enable cheap and private transactions, which may further benefit other technologies like Lightning Network.

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Bitcoin’s Taproot is ready to go, but it’s unlikely to be included in the next release

The Bitcoin Improvement Proposals 340 through 342 were merged into the Bitcoin codebase on Thursday, signaling that the anticipated Taproot upgrade is ready.
Taproot and the associated technology of Schnorr signatures are considered to be the most important upgrade for Bitcoin in the past year.

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