Bitcoin entrepreneur and developer Xiaohui Liu has spent some time explaining Bitcoin smart contracts in a two-part video lesson on his YouTube channel.
sCrypt demonstrated how to implement Taproot on the original Bitcoin using a contractless contract and shows that its follow-up proposal, Graftroot, can be implemented in a similar fashion.
A recently published article by an anonymous author is seemingly aimed to promote the new "scaling solution" proposal on the Lightning network BTC.
In this article, sCrypt showed how to implement Taproot using the original Bitcoin protocol without any changes, by combining contractless contract and Merklized Alternative Script Tree (MAST).
The false belief of the BTC community hold lies in thinking that if you mix the inputs, the now “untraceable outputs” will no longer be seized or be outside the area law enforcement can cover.
As in the Wizard of Oz, BTC developers are committing a global fraud by pretending to have no control of the network where, in fact, they are manipulating a global financial system for their benefit.
The Taproot “upgrade” moves BTC even further away from the original 2009 Bitcoin protocol and enables participants in a contract to hide not only their identities, but their public keys as well.
What the Taproot update does is make the responsibility for laundered coins to fall more broadly on the shoulders of every participant in the network.
What are cryptocurrencies good for? That was the title and main topic of conversation at the U.S. Senate Banking Committee’s latest hearing on digital currencies.
BTC backers may come to rue the day they implemented their latest protocol change if certain governments conclude that a system that can be altered at will could also be altered by them.
BTC's Taproot update, billed as the most significant "upgrade" to the protocol since SegWit activation in 2017, is set to gain miner support after all.