The latest Bitcoin protocol update 'Taprote' is approaching

The expected update of the protocol will be activated Bitcoin، Tabrut Taproot When it reaches the chain 709.632#, which is expected to happen in 16 November. The update will bring many improvements, by replacing signatures ECDSA with signatures snorer Schnorr Enhance privacy, scalability, security, and lower fees. It was a community Bitcoin Hopes for this update a while ago, as I began discussions and development of coin improvement suggestions (BIP 340 And 341 And 342) In January 2020. Implementation and merger operations with this currency were completed at the end of the year 2020, leaving the community the final step in choosing a method to activate and implement it. Where he commented the latest report issued by the Foundation Arkan Research Arcane Research Emphasizing the importance of this improvement and its activation, saying:

“Tabrot is the most important upgrade for this coin network since the Segwit upgrade SegWit in a year 2017. The activation was agreed in June of this year, after it received support 90% from the qualified qualified series, over a period of two weeks.”

Tabrot has been suggested by the developer Gregory Maxwell , who was looking for ways to create a new system of transactions based on smart contracts for Bitcoin. His original idea says:

“I think this build, will allow as much anonymity as possible for fixed-party smart contracts, by making them look like the simplest payments possible. It accomplishes this without any overhead in the general case, based on any superficial or impractical techniques, requiring additional rounds of interaction between contract participants, and without the need to permanently store other data.”

also provide A new kind of single signing key model, thus changing the transaction process. Demonstrating improvements to superior privacy, lower fees, more versatility, and availability Bitcoin To be unlocked to multiple texts simultaneously. where it shows River Financial River Financial also it Since the Lightning Network is based on a 2-by-2 multiplex, Taproot makes it impossible to discern the transactions that create the channels of that network.“:

“When spending Bitcoin A product of Taproot, the spender does not need to reveal every possible text that can be unlocked Bitcoin, only the text he's already used. In most cases, Taproot users will likely use the public key push option, allowing them to keep any backup options they may have planned privately.”

New way to buy bitcoin

offers update (P2TR) as a new way to use Bitcoin, which saves space on Blockchain, by lock Bitcoin on a public key instead of a hash. For this to work efficiently, signatures snorer Schnorr Creates a single master signature, and public keys. It conflicts with transactions Peer-to-peer in which two public keys and two signatures are generated, or multiple keys and signatures for multi-tagged transactions, plus it leads to a traceable transaction history on Blockchain K and higher use of storage and costs. As River explains, for the update parameters to work, it adds BIP 342 new writings It is used to verify Tapscript's expenditures and Schnorr's signatures, all known as Tapscript. where you work typescript to increase spending time in P2TR, allowing for further upgrades, paving the way for bitcoin To continue to adapt to needs and improve in the future. And as magazine show Bitcoin Magazine:

“The use of P2SH It has two main negatives. First, it's data heavy, especially if there are many conditions. And secondly, this is bad for privacy and everyone knows all the different ways the money could have been spent, which could reveal what kind of wallet was used, maybe more.”