Quick Take Hash Rate A 7DMA Bitcoin hash rate has exceeded 330 TH/s, a new all-time high. In addition, only six days of 2023 have seen negative adjustments, quite the feat The next difficulty adjustme...
Tag: Taproot
Bitcoin’s Taproot adoption hits 13% record high as BTC targets $25,000
After Bitcoin (BTC) underwent the Taproot rollout, the feature is recording a spike in utilization, partly contributing to the cryptocurrency’s bullish price outlook. In particular, as of February 16,...
Bitcoin Taproot Utilization Hits New ATH, Thanks To Ordinals
Data shows that Bitcoin taproot utilization has now hit a new all-time high, thanks to the emergence of Ordinals on the network. Bitcoin Taproot Utilization Hits New All-Time High Of 4.2% According to...
Unpacking the basics of Bitcoin nodes and Taproot functionality – BitTalk6
BitTalk will be moving to a weekly format from Feb. 11 BitTalk is back with episode 6, exploring the latest developments in the Bitcoin network. In this episode, James, Nick, and Akiba engage in a liv...
Data on Taproot Ordinals points to higher Bitcoin fees, chain bloat
A Taproot Wizard jpeg was mined into the Bitcoin blockchain on Feb. 1, sparking debate on the appropriate use of network resources, particularly inefficiencies due to increased block size. This was po...
Taproot Usage Soars Amid Rising Interest in Ordinals on Bitcoin
Ordinals – a new and controversial Bitcoin-based protocol – is making its mark on-chain with a record number of Taproot-related transactions, according to the blockchain data provider Glassnode. Neve...
Giant Bitcoin ‘Taproot Wizard’ NFT Minted in Collaboration With Luxor Mining Pool
Battle lines were drawn when the Ordinals protocol, which stores non-fungible tokens on Bitcoin, launched on the dominant blockchain last month. That showdown created two factions – purists who insist...
Luxor mines largest Bitcoin block ever, contains Taproot Wizard NFT
Bitcoin mining company Luxor mined the largest ever Bitcoin block on Feb. 1 in order to promote what seems to be a potential NFT collection. The block contained an NFT based on the original R...
Did Taproot ruin Bitcoin with NFT inscriptions of monkey jpegs?
NFT-like bitcoin inscriptions have become a hot topic in a long-running debate among Bitcoiners: How much non-financial transaction data should the Bitcoin community want to include on its blockchain?...
Taproot Based Bitcoin NFTs Spark Controversy – Trustnodes
Bitcoin now has NFTs and they’re completely on-chain and they can be as much as 4MB of data, allowing for short videos and even the Satoshi whitepaper to be published on the blockchain. This may allow...
A year after Taproot, Bitcoin community works to unlock its DeFi potential
Taproot support across the industry is still crawling one year after the Bitcoin soft fork, indicating a strong potential for innovation and broader adoption of Web3 solutions to be unlocked through t...
Taro to Develop the (Tap)Root of the Global Financial Network Using Bitcoin
On September 28, the Taro daemon’s alpha version was revealed, allowing programmers to create, transfer, and acquire assets on the bitcoin blockchain. Taro, a Taproot-powered system for generating ass...
Bitcoin’s next-level Taproot upgrade now stores 0.06% of all BTC
Since Bitcoin (BTC) underwent its Taproot upgrade in November 2021, the amount of the flagship cryptocurrency on its Pay-to-Taproot (P2TR) outputs has been increasing, moving in a gradual uptrend sinc...
Lightning Labs Introduces Taproot, Musig2 in Beta Version of Lightning Network Daemon
Lightning Labs has announced the release of the beta version of the Lightning Network Daemon (lnd). The firm has revealed incorporating several improvements in the new – v0.15-beta. The main idea is t...
Bitcoin Lightning Network developer updates node software with Taproot support
Lightning Labs, a developer of the Bitcoin (BTC) Lightning Network (LN), released a beta version of the Lightning Network Daemon (lnd) — a complete implementation of the LN node — with added support t...
LND version 0.15 launched, supporting Taproot- The Cryptonomist
Yesterday Lightning Labs officially announced the launch of the new version 0.15 of LND, thus supporting Taproot on LN. Announcing lnd 0.15 beta: To Taproot and Beyond! ♾️ Featuring:?Taproot + Musig2 ...
Taproot: what it is and how it will improve Bitcoin
November last year saw the soft fork of the Bitcoin protocol that introduced support for Taproot. The effects of the Taproot update on the Bitcoin blockchain The Taproot update improves the essential...
Bitcoin Core Devs Optimistic, Despite Low Taproot Adoption
Despite bitcoin’s Taproot activation in November 2021, data available from transactionfee.info indicates that only approximately 0.37 percent of all Bitcoin transactions use Taproot, as opposed to 85%...
New Bitcoin Technology Enables Instant, Global USD Transactions
In 2021, bitcoin the asset (BTC) advanced along its monetization cycle to become established as a global store of value. In 2022, the second stage of monetization is coming into focus—BTC is maturing ...
Taproot Brings New Technology And Functionality To The Liquid Network And Bitcoin
With block 1,663,200, the Taproot soft fork went live on the Liquid Network, the world’s leading sidechain. The activation is significant as it marks the Liquid Network’s latest upgrade and brings new...
Taproot And The Lightning Network, A Match Made In Heaven
A little more than two months ago, Taproot went live. What does the biggest update to the Bitcoin network in years bring to the table? How can it help the increasingly popular Lightning Network? That’...