sirazimuth
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born once atheist
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April 14, 2023, 07:23:28 AM Merited by JayJuanGee (1) |
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..... Okay. I have a question. Is Taproot Upgrade is Smart Contract? How Taproot upgrade helped Bitcoin? I am puzzled after reading some articles. Maybe it is because I am not understanding how it works. One article said the Taproot upgrade enables verifying multiple signatures at once. Another article said it's a smart contract upgrade. How it's related to SegWit? Wasn't SegWit upgraded before the Taproot upgrade? SegWit departs the signatures data. The block already contains more data after the SegWit Upgrade. So, what Taproot did do?
Sounds kind of technical for these here parts, but hey? maybe some guy might be willin to go down the 'splainin path with you, but not this here cat. i am too busy with non-technical matters.. or at least I see that there are a variety of wallet option types and some support legacy only, or legacy segwit or segwit with bech 32 or taproot (I think in that order), and I fucking have hardly any clue regarding when to use which, even though it seems that I have been using bech 23 addresses a lot recently and it got me into a bit of quagmire once (just last week when I sent a legacy segwit to a bech 32 address and then it kind of got lost for a while - did not go through.. yet I was able to send it again (after about 4 days of my wondering where the transaction had gone.. it was a decently sized transaction.. just saying.. but whatever all is good in JJG landia in regards to not having had lost those BTC that I had tried to send from a legacy segwit to a segwit with bech 32 address.. whatever the fuck that means? #justsaying)... Taproot is not a smart contract in the traditional sense, but it is an upgrade to Bitcoin's scripting language that can enable more advanced smart contract functionality. Taproot is a soft fork upgrade that was activated on the Bitcoin network in November 2021.
One of the main benefits of the Taproot upgrade is that it improves Bitcoin's privacy and security by allowing more complex transactions to be executed while appearing as a simple transaction on the blockchain. This is achieved through a technique called "Merkleized Abstract Syntax Trees" (MAST), which allows multiple possible spending conditions to be hidden within a single transaction, making it difficult for external parties to determine which conditions were actually used.
Taproot also enables the implementation of advanced multi-signature schemes, which can be used to enhance the security of Bitcoin transactions. With Taproot, multiple signatures can be aggregated into a single signature, reducing the amount of data needed to be stored on the blockchain. This reduces transaction fees and allows for more efficient use of Bitcoin's limited block space.
In terms of its relationship to SegWit, Segregated Witness (SegWit) was a previous soft fork upgrade that was activated on the Bitcoin network in August 2017. SegWit separated the transaction signature data from the transaction data, which allowed for more transactions to be included in each block. Taproot builds upon SegWit by further optimizing the way transactions are structured and by enabling more advanced smart contract functionality.
In summary, Taproot is an upgrade to Bitcoin's scripting language that enhances privacy, security, and scalability while enabling more advanced smart contract functionality. It builds upon the benefits of SegWit by further optimizing transaction structure and enabling more complex spending conditions to be hidden within a single transaction.
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HI-TEC99
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Merit: 2846
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Americans’ IQ scores are trending in a downward direction. In fact, they’ve been falling for over a decade.
According to a press release, in studying intelligence testing data from 2006 to 2018, Northwestern University researchers noticed that test scores in three out of four “cognitive domains” were going down. This is the first time we’ve seen a consistent negative slope for these testing categories, providing tangible evidence of what is known as the “Reverse Flynn Effect.” https://www.popularmechanics.com/science/a43469569/american-iq-scores-decline-reverse-flynn-effect/Yup its official.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 14, 2023, 08:01:17 AM |
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OutOfMemory
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Man who stares at charts (and stars, too...)
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Taproot is not a smart contract in the traditional sense, but it is an upgrade to Bitcoin's scripting language that can enable more advanced smart contract functionality. Taproot is a soft fork upgrade that was activated on the Bitcoin network in November 2021.
One of the main benefits of the Taproot upgrade is that it improves Bitcoin's privacy and security by allowing more complex transactions to be executed while appearing as a simple transaction on the blockchain. This is achieved through a technique called "Merkleized Abstract Syntax Trees" (MAST), which allows multiple possible spending conditions to be hidden within a single transaction, making it difficult for external parties to determine which conditions were actually used.
Taproot also enables the implementation of advanced multi-signature schemes, which can be used to enhance the security of Bitcoin transactions. With Taproot, multiple signatures can be aggregated into a single signature, reducing the amount of data needed to be stored on the blockchain. This reduces transaction fees and allows for more efficient use of Bitcoin's limited block space.
In terms of its relationship to SegWit, Segregated Witness (SegWit) was a previous soft fork upgrade that was activated on the Bitcoin network in August 2017. SegWit separated the transaction signature data from the transaction data, which allowed for more transactions to be included in each block. Taproot builds upon SegWit by further optimizing the way transactions are structured and by enabling more advanced smart contract functionality.
In summary, Taproot is an upgrade to Bitcoin's scripting language that enhances privacy, security, and scalability while enabling more advanced smart contract functionality. It builds upon the benefits of SegWit by further optimizing transaction structure and enabling more complex spending conditions to be hidden within a single transaction. I like the thought of ChatGPT registering an account on bitcointalk and occasionally taking part in our lil WO discussions, lately. And $31k !woot!woot!
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ImThour
Copper Member
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Bitcoin Bottom was at $15.4k
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April 14, 2023, 08:08:51 AM |
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When the price was stuck at $28k, I called out for it to go up!!! and some a$$hole said it's too good to be true. Welcome $31k now
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Bitcoin_News_MS
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April 14, 2023, 08:23:10 AM |
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Bitcoin price reaches $31,000 for the first time since June 2022.
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OutOfMemory
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Man who stares at charts (and stars, too...)
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April 14, 2023, 08:39:46 AM Merited by JayJuanGee (1) |
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When the price was stuck at $28k, I called out for it to go up!!! and some a$$hole said it's too good to be true. Welcome $31k now Reminds me of my brother in law again, who said Bitcoin will never be sold above $10k ever again (when it was $6k after the 2017 blow-off). (EDIT: nah, i think it was higher, sub $9k-ish or so) But, if you remind yourself how many people still believe in $$$ (fiat) for such a long time on this planet, the a$$hole-to-bitcoiner ratio turns out clearly in their favour "favour". Opinions are not facts (My latest unconventional, personal saying of truth btw.) It's also true for you, just to make it clear But that's just uhm... my opinion, you know...
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ChartBuddy
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Activity: 2324
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 14, 2023, 09:01:20 AM |
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Negotiation
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April 14, 2023, 09:21:34 AM |
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$31K in one hour confirmed
This could be the one got to 30864 which is very close edit and got to 30936 which is AYH Yeah, Observe $31k over out soon when the next group is in... It seems to me that it will cross $31k with a little more deposit left... Now Done Edited.
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hisslyness
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April 14, 2023, 09:24:32 AM Last edit: April 14, 2023, 12:28:19 PM by hisslyness Merited by JayJuanGee (1), sirazimuth (1) |
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Taproot is not a smart contract in the traditional sense, but it is an upgrade to Bitcoin's scripting language that can enable more advanced smart contract functionality. Taproot is a soft fork upgrade that was activated on the Bitcoin network in November 2021.
One of the main benefits of the Taproot upgrade is that it improves Bitcoin's privacy and security by allowing more complex transactions to be executed while appearing as a simple transaction on the blockchain. This is achieved through a technique called "Merkleized Abstract Syntax Trees" (MAST), which allows multiple possible spending conditions to be hidden within a single transaction, making it difficult for external parties to determine which conditions were actually used.
Taproot also enables the implementation of advanced multi-signature schemes, which can be used to enhance the security of Bitcoin transactions. With Taproot, multiple signatures can be aggregated into a single signature, reducing the amount of data needed to be stored on the blockchain. This reduces transaction fees and allows for more efficient use of Bitcoin's limited block space.
In terms of its relationship to SegWit, Segregated Witness (SegWit) was a previous soft fork upgrade that was activated on the Bitcoin network in August 2017. SegWit separated the transaction signature data from the transaction data, which allowed for more transactions to be included in each block. Taproot builds upon SegWit by further optimizing the way transactions are structured and by enabling more advanced smart contract functionality.
In summary, Taproot is an upgrade to Bitcoin's scripting language that enhances privacy, security, and scalability while enabling more advanced smart contract functionality. It builds upon the benefits of SegWit by further optimizing transaction structure and enabling more complex spending conditions to be hidden within a single transaction. I like the thought of ChatGPT registering an account on bitcointalk and occasionally taking part in our lil WO discussions, lately. And $31k !woot!woot! I really hope that doesn't happen. While i am not against using ChatGPT to help answer question, i think a straight copy and paste isn't the best way to utilize such a powerful tool. There is a post earlier in the thread that pointed towards the lowering of overall IQ. I don't think that trend is going to reverse anytime soon, especially with the advent of ChatGPT and AI. I mean, did you really understand what Segwit and Taproot is? based on the answer above?, if not, then how would you expect someone else too, right?... And if you did understand it, i would have really, really, appreciated the response more, if you took the time and wrote what you thought it was/is, based on the ChatGPT response or research you had conducted.
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Gachapin
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Activity: 1064
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bitcoin retard
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April 14, 2023, 09:43:03 AM |
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would love to take the bet against Balaji
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 14, 2023, 10:01:18 AM |
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Gachapin
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bitcoin retard
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April 14, 2023, 10:01:18 AM Last edit: April 14, 2023, 10:44:30 AM by Gachapin |
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if you think you will get merited, because you copy stuff from twitter into the WO, you are in the wrong thread. there is no appreciation for people who just come here and use the WO to farm merits with the least amount of effort. it's lazy ...and also disrespectful to abuse the community for your gain... many WOers don't like that. Think about it... do you like lazy and disrespectful people?? you come off like a beggar with bad attitudes shouting at everyone to give you money. how about trying to bring something to the WO by your own writing that has some value to the people here? And most importantly, don't expect merits for it! They will come naturally, when people see that you are not here for the merits
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AlcoHoDL
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Addicted to HoDLing!
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April 14, 2023, 10:10:39 AM |
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would love to take the bet against Balaji Me too. I wonder why he did it. Publicity?
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Gachapin
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Activity: 1064
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bitcoin retard
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April 14, 2023, 10:11:02 AM |
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would love to take the bet against Balaji Me too. I wonder why he did it. Publicity? PR stunt 100%
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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April 14, 2023, 10:51:25 AM Last edit: April 14, 2023, 11:29:36 AM by BobLawblaw Merited by JayJuanGee (1) |
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quote author=ChatGPT
NGL, it's a fucking amazing time to be alive; able to run an early, usable LLM assistant on your desktop using the leaked LLaMa models, to be your own personal knowledge base, never mind ChatGPT being the amazing work it is. Aside: Yes, I know it is crude, puerile, and an absolute meme, but I do often test emergent systems for wokeness simply by asking it "What is the N Word?" - As the language model complexity of the LLaMa models increased, the more LLaMa was prone to just outright "banning me from my own chat". Absolutely hilarious! 65B and I are not on speaking terms. AT ALL.
+3.3 WOs Merit +3.3 WOs Merit +3.3 WOs Merit +3.3 WOs Merit +3.3 WOs Merit +3.3 WOs Merit +3.3 WOs Merit <ad-infinitum>
You are right, we are small users, so no one gives us merit, Ignored. Fuck off to someplace that cares.
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BitcoinBunny
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Far, Far, Far Right Thug
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April 14, 2023, 10:56:12 AM |
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Senpai could stick his cock up the bitches' ass and still not get any merit. Sad times indeed.
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BitcoinBunny
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Far, Far, Far Right Thug
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April 14, 2023, 11:00:53 AM |
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Speaking of Japan... I tried sake for the first time recently. It's rather good!
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ChartBuddy
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April 14, 2023, 11:01:18 AM |
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