June 21, 2021, 6:03AM EDT
• 7 min read
An explanation of the Bitcoin Upgrade Taproot
- Taproot is the first major upgrade (locked in for November) to Bitcoin since Segregated Witness in 2017 — improving the efficiency of complex transactions and enhancing privacy.
- Taproot uses a data structure called Merkelized Abstract Syntax Tree (MAST) to only reveal the parts of scripts that are executed and Schnorr signatures for signature aggregation.
- Overall, the upgrade is obviously beneficial to Bitcoin, but it’s also worth noting that Taproot only provides an incremental benefit to the existing feature set.