Taproot Update: Bitcoin Users Home In on Activation Plan, Date Still TBD
The meeting ended with rough consensus in favor of BIP8 (false), as well as with approval of two possible methods to put this BIP into motion.
If the timeline holds, Taproot’s November activation could make for an exciting autumn for bitcoiners.
Speedy Trial is nearly approved for activating Taproot, but the code may still include a “user activated soft fork” safety net, just in case.
The coin toss is a stand-in for the rough consensus that stakeholders usually broker to make these decisions.
Taproot is the largest upgrade Bitcoin has seen in years, and many are proposing projects on top of it.
The finalized code for Taproot will be shipped in March, but will it house the “user activated soft fork” feature that threatened to activate SegWit?