#GlobalBoost $BSTY has upgraded the wallet to latest #Bitcoin code. #ordinal #nft #smartcontract #brc20
Latest release:
https://github.com/GlobalBoost/GlobalBoost-Y/releases/tag/v25.x#Taproot, a significant upgrade to the GlobalBoost network will be activated over the next couple weeks, provides various improvements focused on privacy, efficiency, and flexibility in complex transactions. Here's what Taproot enables on GlobalBoost:
Improved Privacy: Taproot enhances GlobalBoost's privacy by making all transactions appear the same to outside observers. Regardless of whether a transaction is a simple payment or involves a complex smart contract, all transactions look identical, making it harder to distinguish and trace specific transaction types.
Efficiency and Lower Costs: By making complex transactions appear as simple ones, Taproot helps to save space on the blockchain, which leads to lower transaction fees. It also enhances the efficiency of block space usage.
Smart Contract Flexibility: Taproot expands GlobalBoost's smart contract capabilities, enabling them to be smaller in size and more efficient. It allows for more complex conditions to be set for a transaction to occur while preserving privacy and efficiency.
Multisignature Improvements: Taproot allows for more efficient and private multi-signature transactions (i.e., transactions that require multiple signatures to be processed).
Schnorr Signatures: Taproot introduces Schnorr signatures to the GlobalBoost network. This new type of cryptographic signature is more efficient than the Elliptic Curve Digital Signature Algorithm (ECDSA) previously used by GlobalBoost. Schnorr signatures allow for signature aggregation, reducing the size of transactions and improving privacy.
Future Upgrades: The introduction of Taproot also makes it easier to introduce further upgrades to the GlobalBoost protocol, paving the way for continued innovation and improvement.
It's important to note that while Taproot provides the tools to enable these features, it's up to wallet developers and other GlobalBoost service providers to integrate these features and make them available to users.
https://twitter.com/NetworksManager/status/1679842961461334016
