Taproot

« Back to Glossary Index

It is an instantiation of a Bitcoin soft fork that is intended to improve both the privacy as well as the other aspects that are tied to more complex transactions. The taproot is being touted as one of the most interesting and significant upgrades to Bitcoin following the introduction of SegWit to the blockchain of cryptocurrency. Additionally, it also makes it possible to conceal that a Bitcoin script has run altogether. Thus, anyone monitoring the blockchain could just see the peer-to-peer transactions even where the more complex methods have been implemented.

« Back to Glossary Index

Check Also

etoro-review

eToro Review: A Guide To Trading On The Popular Platform

If you’re looking to invest in the stock market or cryptocurrency, eToro might be the …

AdBlock Detected

Looks like you are using an ad-blocking browser extension. We request you to whitelist our website on the ad-blocking extension and refresh your browser to view the content.