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Pay to Taproot is the native SegWit v1 output format. It commits directly to a public key which can optionally be tweaked with the hash of a script tree. This combines capabilities of previous output formats which were usually based on either a public key hash or a script hash. P2TR addresses are Bech32m encoded and start with the prefix `bc1p`.
4
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1
answer
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What is the weight of a P2TR input?
I'm looking for a detailed explanation of the weight, vsize and serialized length of a P2TR input, in the same vein as How big is the input of a P2PKH transaction?. …
9
votes
1
answer
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Is there an economic incentive to switch from P2WPKH to P2TR?
I have multiple times seen people argue that there is “no economic incentive” to switch from P2WPKH to P2TR. … I know that the sum of input and output weight on P2WPKH and P2TR are very similar, but how does that actually work out in detail? …