When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. While the BTC network rarely undergoes drastic changes, it shows that the network is still evolving, even if progress is steady. The Taproot upgrade batches multiple signatures and transactions together, making it simpler and faster to verify transactions on the BTC network. Taproot was proposed in 2018 by Gregory Maxwell, then-CTO at Blockstream Bitcoin development studio. Bitcoin Core 22.0 was the first major release to support the Taproot protocol upgrade, launched in November 2021. In September 2021, Bitcoin Core 22.0 replaced version 0.21.0, marking the release of the 22nd version of the update. Since Bitcoin Core is the Bitcoin source code’s reference implementation, all other implementations look to Core for guidance. Some users on Twitter believed that the upgrade would ‘mainly improve transaction privacy and allow recurring payments without a third party.’īitcoin Core's next major upgrade will release around April, and the first RC version (v23) was released on GitHub and major upgrade from Bitcoin wallet Sparrow (v1.6.0) which focused on security and privacy, now supporting BIP-47. Prominent crypto-journalist Colin Wu recently pointed out that Bitcoin Core might see its next major release around April. Bitcoin Core Updateĭetails surrounding the upcoming major release remain scarce for now, aside from the Github announcement. Now, yet again, there are speculations that Bitcoin Core might see its next major release around April as the first RC version (v23) is released on Github. The Taproot upgrade was the most recently implemented and significant upgrade on its network in the past four years. The update could improve transaction privacy and allow recurring payments without a third party.īitcoin has undergone many upgrades and changes since it was launched in 2009. Bitcoin Core is the BTC source code’s reference implementation, and all other implementations look towards it for guidance.Bitcoin Core might see its next major release around April as the first RC version (v23) is released on Github.
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