Bitcoin Taproot Activation & Script Upgrades
Code: NT-115
Tags: #bitcoin #taproot #schnorr
Language: en
Situation Report
Taproot locked in via Speedy Trial signaling earlier in the year and activated at block 709,632. Node operators upgraded steadily, though wallet support lagged as teams prioritized UX testing.
Architecture Notes
Schnorr signatures, MuSig key aggregation, and Tapscript expanded smart contract design space for Bitcoin. The upgrade kept backward compatibility while enabling more private multi-sig and potential Lightning improvements.
Operational Impact
Hardware wallet vendors issued firmware updates, and multisig coordinators mapped migration paths for vault customers. Analytics firms updated parsers to recognize new script types to avoid mislabeling transactions.
Forward Watch
Adoption metrics include the percentage of Taproot-spending outputs, MuSig2 readiness, and whether covenants or ANYPREVOUT discussions gain momentum post-activation.