Taproot activationText version

Information about the softfork Taproot

Taproot is a softfork to the Bitcoin network that will improve the scripting capabilities and privacy. It enables something called MAST, which can help make smart contracts more efficient and private by only revealing the relevant parts of the contract when spending. It can also improve privacy of the Lightning Network by making channels look like regular bitcoin transactions, if the Lightning implementations choose to adopt Taproot.

You can read more about Taproot's benefits in this Bitcoin Magazine article: https://bitcoinmagazine.com/technical/taproot-coming-what-it-and-how-it-will-benefit-bitcoin

Speedy Trial

BIP9 and Speedy Trial is a softfork deployment method where the miners and mining pools help to coordinate the deployment of a softfork. They do so by signalling for deployment of the softfork in their mined blocks. To lock in the softfork for activation, 90% of the blocks have to signal.

The signalling method works in periods of 2016 blocks, meaning that within a 2016 block period, 90%, or 1815 of the 2016 blocks have to signal for readiness.

Do note that it's not necessarily over if one period does not succeed to reach 90%, it just means that we will have to wait until the next period. The Speedy Trial ends in August, after this no Speedy Trial deployments are possible anymore and a new softfork deployment method has to be developed.

If 1815 (90%) of the blocks signal for readiness within a period, then full nodes that have upgraded to Bitcoin Core or any other compatible implementation will consider the signalling a success and activate the Taproot softfork in November.

About this site

fork-explorer is an on open-source project. Both this site and the open-source project is developed and maintained by Hampus Sjoberg (@hampus_s).

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