Bitcoin Developer Proposes Two BIPs for Upcoming Soft Fork

Renowned Bitcoin developer and Blockstream contributor Pieter Wuille has published two Bitcoin Improvement Proposals (BIPs) aimed at implementing the Taproot technology through a soft fork.

Taproot proposal by @pwuille https://t.co/GavATW2C2b pic.twitter.com/CKC23bJq71

— NVK (@nvk) May 6, 2019

In recent years, developers have put forward several proposals, including those for Merkleized Abstract Syntax Trees (MAST), Schnorr signatures, and Taproot itself. These updates may be combined into a single soft fork, as Wuille believes that implementing them sequentially would compromise efficiency.

The new BIPs describe a SegWit version based on Schnorr signatures, Taproot, and Merkle branches, as well as the semantics of the scripting system. These proposals focus solely on the mentioned technologies and exclude other functionalities that could be implemented independently.

The code for these updates is available for review and modification on GitHub.

For a detailed explanation of the principles and advantages of Schnorr signatures, Taproot, and MAST, refer to ForkLog’s article:

Taproot близко, или Следующая ступень эволюции биткоина https://t.co/ni6OEPpBav#Taproot #Graftroot #биткоин

— ForkLog (@ForkLog) 8 февраля 2019 г.

Previously, the Segregated Witness protocol was implemented in a soft fork to enhance Bitcoin network scalability, reduce transaction fees, and increase block size limits. Its activation followed intense community debates and a subsequent split into two opposing factions.

Developers of Bitcoin Cash have also announced the implementation of Schnorr signatures, with the upgrade scheduled for May 15.

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