Taproot Triggers Massive Update – Bitcoin Magazine: Bitcoin News, Articles, Charts and Guides

By the time this is released, Taproot will be locked for activation. This means that at block 709,632 (mid-November 2021), the new rules defined by a series of Bitcoin Enhancement Proposals (BIPs) will be activated and begin to apply. This is a momentous achievement for Bitcoin and it will enable a lot of new and incredible things not just for Bitcoin, but for everything built on top of it.

Previously, it was debated whether Bitcoin could reach consensus on another soft fork after the drama behind the 2017 SegWit update. This previous soft fork spawned multiple fields that forked strongly from the original Bitcoin chain, creating new altcoins. . Meanwhile, the Bitcoin community was left with deep battle scars after months of debating and fighting for what resulted in a user-activated soft fork (UASF).

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