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https://medium.com/interdax/what-is-taproot-and-how-will-it-benefit-bitcoin-5c8944eed8da https://medium.com/interdax/what-is-taproot-and-how-will-it-... One of
by anonporridge 6y ago
https://medium.com/interdax/what-is-taproot-and-how-will-it-benefit-bitcoin-5c8944eed8da https://medium.com/interdax/what-is-taproot-and-how-will-it-...
One of the big improvements is that multi-signature transactions, where both Alice and Bob have to sign to spend some money, used to require adding N signatures (number of signers) to the block chain to have a valid transaction. So it improves efficiency and should allow squeezing more transactions, but it also improves privacy, because there's no way to tell if how many parties are involved in the transaction.
Merkelised Abstract Syntax Tree (MAST) are the other big feature that allows for more complex scripting to also be represented in a compressed and obfuscated way (example in the link).
- tribler 6y agoTaproot with MAST enables a DAO on Bitcoin. See the full implementation here by Delft University of Technology scientists and students. [1] Security needs work, functionality works. (disclaimer, I'm the responsibile professor) [1] https://github.com/Tribler/trustchain-superapp#luxury-communism https://github.com/Tribler/trustchain-superapp#luxury-commun...