Written by Wuille, Nick and Towns, BIP 341 proposed a new Segregated Witness (SegWit) version 1 output type, with spending rules based on Taproot, Schnorr signatures, and Merkle branches (part of the cryptographic scheme that generates the hashes that encode data on the blockchain.) SegWit, the previous major Bitcoin upgrade, essentially allowed for larger blocks of transactions every 10 minutes or so by paring down the amount of data required per transaction signature.
Related posts
-
Bitcoin’s Next Move: Mining, ETFs, and Post-U.S. Election Trends With Uphold’s CEO Simon McLoughlin
Uphold is a leading digital asset platform, empowering individuals and enterprises to engage with a wide... -
Key Metrics Suggest Bitcoin’s Rally to $90K and Beyond is Sustainable
Bitcoin is currently experiencing a price correction but underlying metrics show bullish run is on track... -
Made in USA: Mara Expands Mining Capacity, Bets Big on Bitcoin’s American Future
Mara, a publicly traded, U.S.-based mining conglomerate listed on...