Bitcoin, the world's largest cryptocurrency, has received its biggest upgrade in years as Taproot got activated at block 709,632. Taproot upgrade is the biggest upgrade in four years after Bitcoin's network saw segregated Witness, or “SegWit," upgrade in July 2017. The current upgrade is likely to improve privacy, scalability and security on the network. Unlike the controversial SegWit, Taproot has received a near-universal consensus when over 90% of miners signaled their support. A Coindesk report pointed out that, so far, only a little more than half of known Bitcoin nodes are signaling support for the upgrade.

Source: Mint November 14, 2021 16:22 UTC