Bitcoin Taproot: A Multifarious Upgrade to the Bitcoin Ecosystem
Bitcoin is the first of its kind digital currency, birthed in 2008. Bitcoin has had a series of hiccups in its ecosystem ranging from the trilemma problem to hard forks. With the advent of Taproot, a new dawn has been ushered in where Schnorr signatures will take over from ECDSA. The Schnorr signature is a lightweight cryptographic signature developed by Claus Schnorr, a German mathematician-cum-cryptographer. The improved or newly implemented algorithm will secure complex transactions by making them seem similar to simple transactions. Read All