What is Bitcoin Taproot Upgrade? What are the benefits of Taproot?
Jul 30, 2025 pm 08:27 PM
Table of contents
What is Bitcoin?
How does Bitcoin work?
Why is Bitcoin not scalable?
What is BIP (Bitcoin Improvement Proposal)?
What is Bitcoin Taproot Update?
Pay to Taproot (P2TR):
Benefits of Taproot:
- Save space
- Privacy Advantages
- Security upgrade
in conclusion:
?Bitcoin is the first digital currency that can send and receive funds without using a third party. Since Bitcoin is software, like any other software, it needs updates and bug fixes. Bitcoin Taproot is such an update that introduces new features to Bitcoin.
Cryptocurrency is a hot topic now. People have been talking about it for years, but now with prices rising rapidly, suddenly everyone decides to join and invest in them. It is confusing that people don’t understand what cryptocurrencies are and how they work. They think it's just digital currency or digital gold. But the truth is that cryptocurrencies are not just about their token value. There are a lot of benefits from it, but there are also many questions. There are many different types of cryptocurrencies and multiple ways to use them.
What is Bitcoin?
Bitcoin is a digital currency created through blockchain. Blockchain is the public ledger of all transactions. Blockchain is a public ledger that is constantly updated. It can be viewed by anyone, so the honesty and responsibility of all parties involved is very important. Blockchain is a public record of all transactions that have occurred. This is the only transaction record you need. Everything else you do with cryptocurrency is just transactions on the blockchain. Before Bitcoin appeared, it was only possible to remit money through banks. That's why banks have such great power, but now that the system is decentralized, remittances have become easier and safer.
How does Bitcoin work?
Bitcoin is a digital currency. It is not physical currency and is not regulated by the government. Bitcoin is software that people use to transfer digital funds to each other. The software tracks all transactions that occur and then calculates who owe who how much money and when they need to repay. Bitcoin runs based on the Proof of Work model. Bitcoin runs on an open source P2P network. This means that the network is decentralized and has no central authority. This is a good thing for the community. However, this also means there are no rules or regulations, which makes the system difficult to regulate. Decentralization also means being vulnerable to attacks and is difficult to ensure security.
Why is Bitcoin not scalable?
Bitcoin adopts a proof-of-work model. Bitcoin is a system that runs on a distributed ledger. On this ledger, you can trade in the form of digital tokens. The value of Bitcoin is stored in an artificial system run by a network of computers called miners. The miner creates and adds the updated ledger for all transactions that have occurred. This makes Bitcoin safer, but it's slower than Ethereum and other alternatives.
What is BIP (Bitcoin Improvement Proposal)?
The Bitcoin improvement proposal is a proposal for new features of the Bitcoin core protocol. These are content that can be added to the protocol but are not considered "standard" and will not be included in the Bitcoin core code base. They are written for the development community and are not intended to be part of the Bitcoin core protocol itself.
What is Bitcoin Taproot Update?
Taproot is an upgrade of Bitcoin, bringing several new features and benefits to Bitcoin users. The Bitcoin community activates Taproot on block 709,632 on November 12, 2021. The Taproot upgrade is part of three proposed upgrades to the Bitcoin protocol, collectively known as the Segwit2x proposal. These three proposals have different purposes, but are all aimed at improving the Bitcoin network.
However, these three upgrades are called Taproot upgrades, and BIP 340, 341, and 342 are often collectively referred to as BIP Taproot. Together, these upgrades introduce new and more efficient changes to consensus rules, including BIP.
Pay to Taproot (P2TR):
Taproot also introduced a new type of script, the way to spend Bitcoin. Pay to Taproot (P2TR) allows users to pay to Schnorr public key or Merkel root of various other scripts.
Benefits of Taproot:
1. Save space
Spending Taproot is cheaper and saves a lot of space because it sends public keys in SubPub Key functions, which is not included in the script witness. This saves a lot of space and makes Bitcoin transactions smoother. This is because it applies the latest technology to the complex cryptocurrency designed to expand its global reach – the Taproot Bitcoin update.
2. Privacy Advantages
With the latest update, the multi-signature output is the same as a single-signature contract, which provides additional privacy protection for all Taproot users.
Bitcoin Taproot is a privacy upgrade for the Bitcoin ecosystem. This is the next step to make Bitcoin harder to track, more private and safer. Bitcoin Taproot enhances the privacy features of its predecessor Taproot by adding a new Zero Knowledge Proof (ZKP) feature. ZKP allows one to prove to the other party that they know something without disclosing what it is.
3. Security upgrade
At the technical theory level, Schnorr signatures are considered to be safer than ECDSA signatures, because Schnorr signatures can prove their security with fewer assumptions. The update includes additional assumptions from ECDSA to ensure enhanced security for Bitcoin. This reduces Bitcoin’s vulnerability in an internet-hostile environment.
in conclusion:
Taproot is the most important Bitcoin update in the past 4 years. This BIP not only helps Bitcoin become more efficient through batch signatures and transactions, but also makes it more secure by adding privacy features.
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