Taproot update supported by 98% of miners

by in Cryptocurrency News

Taproot

The activation of the Taproot update in the network of the first crypto was supported by 98% of the Bitcoin mining pools. This is evidenced by data from the Taproot Watch service.

Upgradeable miners include special signal bits in the mined blocks. The developers implemented such a mechanism in the release of Bitcoin Core 0.2.1.1, which took place on May 2.

SlushPool was the first to approve Taproot activation. At the time of writing, Mara Pool, ArkPool, and unknown groups of miners have not yet signaled in favor of the update.

On May 31, Marathon Digital Holdings announced that it will update its devices to the relevant software version "within the coming weeks."

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The update mechanism assumes that voting takes place before August 11, 2021. During this period, in any one of the approximately two-week periods between difficulty recalculations, 90% of the mined blocks should contain a signal bit.

According to the service, during the current "era of complexity" 16.77% of blocks signaled support for the deployment of Taproot.

The update will be one of the most important in the history of the first cryptocurrency. However, some experts believe it poses a potential privacy threat.