A Beginner's Guide To Bitcoin:
https://www.amazon.com/gp/product/B08RX8Q4ZQ
In this video, I discuss the Bitcoin Taproot upgrade, and what it means for Bitcoin's future development.
I also discuss the philosophy of hard forks vs. soft forks, and why Bitcoin's development pace is glacial.
The process of approving and rolling out BIPs (Bitcoin Improvement Protocols) is messy and chaotic, because Bitcoin has no leader in charge. It is neutral, decentralized money.
A big advantage of Schnorr signatures, which come with the Taproot upgrade, is the ability to make simple spend, multi-sig, and complex smart contract transactions all look the same on the base layer.
The result will not only be more privacy, but also lower transaction costs, as well as a less bulky future blockchain size.
Not investment advice! Consult a financial advisor.
Watch Taproot get activated:
https://bitcoin.clarkmoody.com/dashboard/
https://mempool.space/
Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#BitcoinNews
#Taproot
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