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Results tagged with taproot
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user 142884
Taproot is a Bitcoin softfork activated in 2021. It introduced a new output type, P2TR (Pay to Taproot), which uses the Schnorr signature scheme and combines a public key with an optional script tree. The public key can additionally be an aggregation of multiple keys, which enables cheaper and more private multisignature transactions.
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Is the Taproot upgrade really essential for BRC-20 tokens on Bitcoin?
BRC-20 currently relies on the Taproot upgrade. I'm wondering how blockchains such as Dogecoin, which have Bitcoin as their predecessor and did not upgrade to Taproot, manage to support BRC-20. … Was BRC-20 possible all this time on Bitcoin even without Taproot? …
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