- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
- Home
- Blockchain
- Taproot Bitcoin Network Upgrade Gets Close to 100% Approval
Taproot Bitcoin Network Upgrade Gets Close to 100% Approval

The Taproot upgrade is all locked in after the community voted their near-unanimous approval of the next big step forward for Bitcoin.
Bitcoin to Finally Get Its Taproot Upgrade
Recent developments have not been great if you are a Bitcoin miner, but overall, the ecosystem has never been better. The long-coveted Taproot update may finally be happening as the Speedy Trial test revealed overwhelming support for the upscaling of the blockchain.
As of Sunday, the approval rating for the Taproot effect stood close to 99%. Taproot is the much-ballyhooed ecosystem upgrade that may shadow its predecessor, the Segregated Witness or SegWit, which was carried four years ago in 2017.
Should the community reach a consensus, the Bitcoin protocol will be inscribed with Schnorr signatures, a new signature scheme that will lead to new opportunities for privacy, security, scaling, and multi-signature wallets at a time when Bitcoin’s Proof of Work concept has come under fire.
How Does Speedy Trial Work and Is It Relevant?
The Speedy Trial is the golden standard that the Bitcoin ecosystem uses to determine if the time for a new upgrade has come. Essentially, it’s a poll of opinions that elicits support or confirms opposition to upgrade. To go through, a protocol upgrade needs 90% of all votes.
This way of upgrading the blockchain requires a supermajority which is difficult enough to achieve. However, therein lies the strength of Bitcoin, as the protocol is not controlled by one central authority, but any change has to be endorsed by the community.
Finding the right upgrade solution means finding the right code, but mustering support for that code could be even more daunting than developing an upgrade, argues Russel O’Connor and David Harding, who created the Speedy Trial.
What’s Next for Taproot?
With Taproot now ready to fire up, the next five months will be a period during which consumers will upgrade their software to Bitcoin Core 0.21.1, and that will eventually lead to a Taproot soft fork.
Once the necessary block height is reached, Taproot will launch in earnest in November. Bitcoin Core 0.21.1 will roll in automatically. Once Taproot arrives, this should improve courtesy of the Schnorr signatures which will in term boost transaction privacy and lead to more complex smart contracts.
Performance and the overall user experience of the protocol should improve as well, and new scaling opportunities will be explored, all with one upgrade that got overwhelming support. At the time of writing, the approval for the upgrade stood at 97.82% of all Bitcoiners.
Stoyan holds over 9 years of esports and gambling writing experience under his belt and is specifically knowledgeable about developments within the online scene. He is a great asset to the Gambling News team with his niche expertise and continual focus on providing our readers with articles that have a unique spin which differentiates us from the rest.
Must Read
Blockchain
January 30, 2025
BKEX Staff Sentenced over Illegal Crypto Contracts Gambling
Blockchain
January 8, 2025
Crypto.com Launches More NFL Prediction Markets
More Articles
Casino
February 14, 2025
Aristocrat Rethinks Its Approach to Social Gaming
Business
February 13, 2025
MGM Resorts Posts Strong 2024 Report Despite Mixed Q4
Business
February 12, 2025
Light & Wonder Promotes from Within, Names Nathan Drane CPO
Sports
February 11, 2025
Allwyn Joins Formula 1 as Official Partner, Vows to Empower Fans
Business
February 11, 2025
Entain CEO to Change Again with Gavin Isaacs’ Departure
Industry
February 11, 2025
Google Confirms Update to Its Gambling and Games Policy
Industry
February 10, 2025
Gambling Firms Accused of Illegally Sharing User Data with Facebook
Business
February 10, 2025
Superbet Announces Important €1.3B Injection of Capital
Business
February 6, 2025
Betsson Posts Its Strongest Full-Year Report Yet
Business
February 4, 2025
BetMGM Posts 2024 Report, Expects to Meet 2025 EBITDA Goals
Legal
February 3, 2025
Wang Shuiming Arrested in Montenegro for Betting Fraud