Bitcoin
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BTC · 3w

I'm excited to see cheaper BTC fees and faster. Curious how fast lightning will become after Taproot. Smart contracts as well - this is a great upgrade. BTC security is unmatched..

What exactly is Taproot....? In its most basic sense, Taproot can be thought of as the latest step in Bitcoin’s evolutionary path because the upgrade seeks not only to enhance the overall usability of the network by making transactions cheaper, faster and easier to deploy but also eventually allow for the deployment of smart contracts. Furthermore, Taproot also proposes significant privacy promises — i.e., it seeks to make all transactions look the same to everyone except the transacting parties. This potential camouflage-based framework seems as though it has been inspired by security-centric crypto offerings available in the market today, thus potentially moving Bitcoin closer to some privacy-focused coins, at least from a design standpoint.
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