Coinbase has announced a significant update for its users, enabling them to send Bitcoin to Taproot addresses on October 8th.
This integration expands Taproot’s accessibility, enhancing privacy, scalability, and security. With the latest support, Coinbase has joined prominent crypto exchanges such as Binance, OKX, and Kraken.
In its tweet, the crypto exchange stated,
“We’re pleased to announce that Coinbase․com users can now send Bitcoin to Taproot addresses, creating access to more onchain destinations.”
Bitcoin developer Greg Maxwell initially introduced the Taproot proposal in 2018. Later, Bitcoin developer Pieter Wuille codified the upgrade.
Activated in November 2021 with 90% approval from Bitcoin miners, the Taproot upgrade is a soft fork that maintains backward compatibility with older Bitcoin software, avoiding the disruption of a hard fork. This upgrade includes three Bitcoin Improvement Proposals: BIP340 (Schnorr Signatures), BIP341 (Taproot), and BIP342 (Tapscript)
We współpracy z: https://cryptopotato.com/coinbase-enables-bitcoin-transactions-to-taproot-addresses/
