1 / 8

Bitcoin Taproot Enhancement with Abitcoin

At Abitcoin, we analyse latest Bitcoin news update. Our team of dedicated experts help explain the content in lucid and concise manner.<br>

Abitcoin
Download Presentation

Bitcoin Taproot Enhancement with Abitcoin

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Bitcoin Taproot Enhancement Bitcoin News Today

  2. Background • Broadens Bitcoin’s potential applications • Implemented in September 2021 • Largest enhancement since 2017 • Sigwit Block capacity change occurred in 2017

  3. About Taproot Upgrade • 3 separate upgrade proposal • Core upgrade - Schnorr • Schnorr - Digital Signature scheme • Efficient and Private transactions • Enable complex Smart Contract execution Click here for more Bitcoin news today

  4. Advantages • Competitiveness with Ethereum vis a vis Smart Contracts • Increased Bitcoin applications • Improved Privacy • Enable complex transactions • Enhanced data efficiency • Optimised Block capacity • Quick transactions

  5. Investment relevance • Pushed Bitcoin price above $69000 • Increases Bitcoin use cases • Wider adoption across sectors • Fuel more innovation in Bitcoin • Lower transaction fee

  6. Pending challenges • High energy consumption • Slower transaction clearance • Competition with Altcoins • Less innovation vis a vis Applications, Smart Contracts • Future restrictive regulatory concern

  7. Contact Us • Abitcoin for Bitcoin New Today • Bitcoin FAQ • Bitcoin Blogs

  8. Thank You !

More Related