21 February 2020

Podcast: Knowledge Session – An Intro to the Taproot Development for Bitcoin

Dr Lewin Boehnke

Dr Lewin Boehnke

CTO at Crypto Storage AG and Head of Research at Crypto Finance AG

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In this episode, Bernadette Leuzinger, COO & CFO at Crypto Fund AG, gives an introduction to the Taproot development and its implications for bitcoin. If implemented, Taproot could be one of the biggest changes bitcoin has experienced since the introduction of SegWit in 2017.

Taproot aims to simplify and improve privacy for bitcoin transactions. Taproot is creating a debate among bitcoin developers, as they have been published as Bitcoin Improvement Proposals (BIPs). There are still quite some considerations. If implemented, it would bring about a soft fork in bitcoin. We discuss these considerations, bitcoin’s MAST and P2SH, as well as what the cryptographic signature scheme Schnorr would brings to Taproot.

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