Bitcoin Taproot Upgrade Successfully Completed, What Are the Long-term Impacts on Bitcoin?

Author: Chen Xiaohei Produced by: Ostrich Blockchain On November 14th at noon, Bitcoin's Taproot upgrade was successfully activated at block height 709632, marking a milestone that Bitcoin has officially entered the Taproot era. What improvements did Bitcoin's Taproot upgrade make? Bitcoin's last major technical upgrade was the Segregated Witness (SegWit) introduced in 2017. The previous upgrade mainly involved internal expansion of Bitcoin blocks, removing signature information from block headers through segregated witness, thereby increasing block size.