Tag: Taproot

Taproot activates, K-pop enters the Metaverse and Staples Center becomes Crypto.com Arena: Hodler’s Digest, Nov. 7-13

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[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week The Bitcoin network welcomes Taproot soft fork upgrade The Bitcoin (BTC) network underwent its first major upgrade since 2017 after the Taproot soft fork went live following a 90% lock-in consensus from miners and mining pools between blocks 709,488 and 709,632.  Taproot will apparently…

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Bitcoin sets up nail-biting weekly close after Taproot goes live

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[ad_1] Bitcoin (BTC) traded above a key zone into the weekly close on Nov. 13 after the successful activation of the Taproot soft fork. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView What ETF rejection? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding above $64,000 at 10 am UTC Sunday. The pair had gained in the latter part of Saturday after briefly acting below $63,000 thanks to U.S. regulators rejecting what would have been the first spot-based exchange-traded fund (ETF). Seemingly unfazed by the move, however, Bitcoin then returned…

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Why Bitcoin Taproot Activation Is Exciting

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[ad_1] The below is a direct excerpt of Marty’s Bent Issue #1111: “Taproot activation is upon us.” Sign up for the newsletter here. via Clark Moody’s Dashboard It’s been a minute since we talked about taproot in this weird dark corner of the Internet. As of right now, we are 321 blocks away from the much awaited for upgrade being activated. Instead of focusing on the incredible potential that comes with the improvements in scriptability, data efficiency, privacy, and usability that will come with Taproot and Schnorr signatures, we’d like…

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Bitcoin’s Two Taproot Activation Clients

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[ad_1] Taproot, the proposed Bitcoin protocol upgrade for compact and privacy-preserving smart contracts, is getting closer to activation. The Taproot code itself had already been included in the most recent major Bitcoin Core release (Bitcoin Core 0.21.0), which is currently the de-facto reference implementation for the Bitcoin protocol. The next step was to deploy activation code for the upgrade to go live across the Bitcoin network. But due to technical and philosophical disagreements on how the Bitcoin protocol should be upgraded, discussion about Taproot activation turned out to be a…

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