{"id":52992,"date":"2021-11-16T20:21:19","date_gmt":"2021-11-16T18:21:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52992"},"modified":"2025-09-03T12:50:42","modified_gmt":"2025-09-03T09:50:42","slug":"cash-app-to-add-taproot-upgrade-support-for-bitcoin-addresses","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cash-app-to-add-taproot-upgrade-support-for-bitcoin-addresses\/","title":{"rendered":"Cash App to add Taproot upgrade support for Bitcoin addresses"},"content":{"rendered":"<p>The Cash App from the payments company Square will, by December 1, <a href=\"https:\/\/cash.app\/help\/us\/en-us\/20211114-bitcoin-taproot-upgrade\">\u043e\u0431\u0435\u0441\u043f\u0435\u0447\u0438\u0442<\/a> compatibility of Bitcoin network addresses after the recent Taproot soft fork.<\/p>\n<p>As a result, users will be able to send BTC to wallets that support Taproot.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cTo ensure a smooth upgrade, we will verify that Taproot activation on the mainnet is functioning properly before deploying it to all clients,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>The soft fork introduced a new address type, Pay-to-Taproot (P2TR), which allows Bitcoin transactions to look the same whether the sender is making a simple payment, a complex multi-signature transaction, or uses the Lightning Network.<\/p>\n<p>This could potentially reduce network fees by using less data.<\/p>\n<p>Some features provided by Taproot will be implemented only after a significant portion of the network starts using the new address type.<\/p>\n<p>Taproot <a href=\"https:\/\/forklog.com\/en\/news\/taproot-upgrade-activated-on-the-bitcoin-network\">activated on 14 November<\/a> on block 709,632. It is designed to increase privacy, efficiency and scalability of the network.<\/p>\n<p>Read ForkLog Bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Cash App from the payment company Square will, by December 1, provide compatibility of Bitcoin network addresses after the recent Taproot soft fork.<\/p>\n","protected":false},"author":1,"featured_media":52993,"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":[18,1533,1142,1134],"class_list":["post-52992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cash-app","tag-cryptography","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52992","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=52992"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52992\/revisions"}],"predecessor-version":[{"id":52994,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52992\/revisions\/52994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/52993"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=52992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=52992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=52992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}