Under Speedy Trial, miners would have three months to signal support for Taproot after its code is shipped through Bitcoin Core, Bitcoin’s primary software version. If 90% of the blocks in a given time frame are not Taproot-supporting, then that means miners don’t support the upgrade and activation fails. If the threshold is reached, then activation takes place after a six-month “locked-in” period. During this time frame, the upgrade is in the bag, but its actual activation is delayed to make sure there are no hiccups.
Related posts
-
Cardano On The Table: Trump Reportedly Plans A New Blockchain-Based Federal Voting System
Speculation is growing around a potential new voting system for the US that could use blockchain... -
Layer 1 Flare and Decentralized Cloud Firm Red Date Set to Trial Stablecoin Buying for Chinese Nationals in Hong Kong
“With Hong Kong on the cusp of announcing new stablecoin regulations allowing digital currencies on public... -
Deutsche Telekom arm partners with Germany’s oldest bank for renewable Bitcoin mining trial
Deutsche Telekom’s MMS and Bankhaus Metzler are piloting Bitcoin mining to tap surplus renewable energy and...