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Bitcoin Taproot Enhancement with Abitcoin

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Bitcoin Taproot Enhancement with Abitcoin

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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 !

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