{"id":44269,"date":"2021-06-14T11:54:19","date_gmt":"2021-06-14T08:54:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44269"},"modified":"2025-08-31T16:12:35","modified_gmt":"2025-08-31T13:12:35","slug":"bitcoin-miners-have-met-the-conditions-for-taproot-activation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-miners-have-met-the-conditions-for-taproot-activation\/","title":{"rendered":"Bitcoin miners have met the conditions for Taproot activation"},"content":{"rendered":"<p>Bitcoin miners have met the conditions for the activation of the Taproot upgrade. The soft fork is expected to occur around mid-November 2021 at block #709,632, according to developer Peter Wuille.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">As of block 687284, Taproot signalling has reached 1815 blocks this period, guaranteeing that absent very deep reorgs, it is guaranteed to lock in. Following that, it will activate at block 709632, probably around mid-November 2021. \ud83e\udd55<\/p>\n<p>\u2014 Pieter Wuille (@pwuille) <a href=\\\"https:\/\/twitter.com\/pwuille\/status\/1403725170993336322?ref_src=twsrc%5Etfw\\\">June 12, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Developers <a href=\"https:\/\/forklog.com\/en\/news\/developers-implement-taproot-activation-method-in-bitcoin-core\">implemented in the May release of Bitcoin Core<\/a> the Speed Trial activation method. The mechanism envisions a three-month window during which 90% of blocks mined in any of the roughly two-week periods between difficulty retargets must signal support for the fork.\u00a0<\/p>\n<p>During the last &#8216;difficulty epoch&#8217;, this criterion was met at block #687,284. According to <a href=\\\"https:\/\/taproot.watch\/miners\\\">Taproot Watch<\/a>, to date 100% of Bitcoin mining pools have signalled support for the upgrade.<\/p>\n<p>Developer Hampus Sj\u00f6berg noted that 24.4% of nodes have upgraded to Taproot-enabled software. However, miners have almost five months to install the new Bitcoin Core version.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-conversation=\\\"none\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">The number of Bitcoin nodes that is upgraded to support Taproot is still very low (24.4%), if you are running a Bitcoin node, you should consider upgrading to Bitcoin 0.21.1 before <a href=\\\"https:\/\/twitter.com\/hashtag\/Taproot?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Taproot<\/a> activates in November.<a href=\\\"https:\/\/t.co\/YRbfSVHY2G\\\">https:\/\/t.co\/YRbfSVHY2G<\/a> <a href=\\\"https:\/\/t.co\/nK73ECvj7l\\\">pic.twitter.com\/nK73ECvj7l<\/a><\/p>\n<p>\u2014 Hampus Sj\u00f6berg \ud83e\udd55\ud83d\udfe9 (@hampus_s) <a href=\\\"https:\/\/twitter.com\/hampus_s\/status\/1404171161144074246?ref_src=twsrc%5Etfw\\\">June 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Marathon Digital Holdings CEO Fred Thiel said on the Thinking Crypto podcast that Taproot will turn Bitcoin into a &#8216;computational network&#8217;. He noted that the upgrade would improve the efficiency of smart contracts, reducing transaction costs.\u00a0<\/p>\n<figure class=\\\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<iframe loading=\\\"lazy\\\" title=\\\"Fred Thiel Interview - Mining Bitcoin in the US - ESG, Elon Musk, El Salvador, BTC Mining Counsel\\\" width=\\\"500\\\" height=\\\"281\\\" src=\\\"https:\/\/www.youtube.com\/embed\/mZMU7I-MGWE?feature=oembed\\\" frameborder=\\\"0\\\" allow=\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\\\" referrerpolicy=\\\"strict-origin-when-cross-origin\\\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>Bitcoin Core developer Jeremy Rubin expressed a similar view. In the Unchained podcast he described Taproot as an &#8216;optimization&#8217; of Bitcoin and added that the initiative would enhance the network&#8217;s privacy.<\/p>\n<figure class=\\\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<iframe loading=\\\"lazy\\\" title=\\\"How Taproot Could Improve Bitcoin -- If It Gets Adopted - Ep. 180\\\" width=\\\"500\\\" height=\\\"281\\\" src=\\\"https:\/\/www.youtube.com\/embed\/pAcCNDiJX-I?feature=oembed\\\" frameborder=\\\"0\\\" allow=\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\\\" referrerpolicy=\\\"strict-origin-when-cross-origin\\\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<p>The upgrade will be one of the most significant in the history of the first cryptocurrency, but some experts believe that <a href=\"https:\/\/forklog.com\/en\/news\/taproot-a-privacy-threat-why-the-forthcoming-bitcoin-upgrade-is-drawing-criticism\">it represents a potential threat to privacy<\/a>.\u00a0<\/p>\n<p>Read more about Taproot in ForkLog&#8217;s educational cards:<\/p>\n<p>As noted, Gemini exchange CEO Tyler Winklevoss called Bitcoin &#8216;gold 2.0&#8217; and stated that in the next five years <a href=\"https:\/\/forklog.com\/en\/news\/tyler-winklevoss-bitcoin-could-reach-500000-in-five-years\">the price of the cryptocurrency will rise to $500,000<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin miners have met the conditions for activating the Taproot upgrade. The soft fork is expected to occur around mid-November 2021 at block #709,632, according to developer Peter Wuille.<\/p>\n","protected":false},"author":1,"featured_media":44270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1142,1134],"class_list":["post-44269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptography","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=44269"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44269\/revisions"}],"predecessor-version":[{"id":44271,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44269\/revisions\/44271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/44270"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=44269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=44269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=44269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}