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Nov 14, 2021 Taproot activates
On November 14, 2021, Taproot activated at block 709,632, Bitcoin’s first major upgrade since SegWit.
- Date
- Nov 14, 2021
- Block
- 709,632
- Adds
- Schnorr signatures
What happened
Taproot made complex transactions, such as multi-signature payments and some Lightning channels, look like ordinary payments on the blockchain. That improves privacy and lowers fees. It also introduced Schnorr signatures to Bitcoin.
Unlike the SegWit debate, Taproot was adopted with broad agreement across miners, developers and users, which many saw as a sign of how the process had matured.
Why it mattered
Taproot is the most recent big step in Bitcoin’s technology. See the glossary and Bitcoin in 2021.
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