The activation of Bitcoin’s (BTC) Taproot upgrade is moving forward as official Improvement Proposals (BIP) were submitted for review on Jan. 24. Even though Taproot is often hyped up for its privacy improvements, its true impact is likely to be very minor.
Taproot is the name given to a proposal coined by former Blockstream CTO Gregory Maxwell in January 2018. The actual implementation was later developed by a team of Bitcoin contributors led by Pieter Wuille. Taproot is a proposal that enhances Bitcoin’s scripts, a set of instructions attached to each transaction that explains how the funds can be used.
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Source: Cryptocurrency - investing.com
