Understanding Taproot In A Simple Way

Understanding exactly what about the Bitcoin network implementing Taproot changes is necessary for understanding why the changes were needed. Taproot is the combination of many Bitcoin Improvement Proposals (BIPs) resulting in a soft fork of Bitcoin’s blockchain. A soft fork is a proposed upgrade that over time is adopted as the only blockchain, meaning the old one will cease to operate once the new one (in this case, Taproot) is fully adopted.

What Does Taproot Do?

The improvements can be broken down into three categories, each affecting the other, and each necessary to the final construct. Taproot successfully increases security, and also allows flexibility and scalability with the introduction of a new language that is ever expanding. The three categories of changes to summarize are as follows: