In June, Bitcoin miners signaled support for Taproot, a bundle of three upgrades to Bitcoin aimed at improving network security, privacy and scalability. This CoinDesk Research report looks into the merits of the upgrade from the investor’s perspective, outlines some potential drawbacks and issues a reminder that Bitcoin is an investment in technology.
The Investor’s Perspective on the Bitcoin Taproot Upgrade
CoinDesk Research explains Taproot, a privacy and efficiency upgrade to Bitcoin, and analyzes its investment implications.
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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
George Kaloudis was a research analyst and columnist for CoinDesk.