How Taproot Might Affect Bitcoin’s Competitiveness

Taproot is on its way. The long-awaited Bitcoin (BTC) upgrade has been confirmed, after it passed the minimum threshold of 90% miner approval in mid-June, meaning that it will be implemented in November. While the core features of Taproot — increased privacy and enhanced wallet scripting — are fairly well-known, what will the upgrade’s impact be on Bitcoin in a