Bitcoin's Big Code Upgrade Improves Privacy and Security

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Bitcoin has just received a major upgrade. As The Block notes, the Bitcoin network launched a long-running "Taproot" code upgrade early today (November 14). Both privacy and security for complex transactions

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through a new signature make it look like any other exchange. Likely a thief or snoop should have more time to recognize when an abnormal transfer has occurred.

The Taproot update should change the scaling of the Bitcoin network by dropping the existing cryptographic system. It might be easier for cryptocurrencies to handle demand.

This is the first major refresh of Network Code since 2017 and it might be the right time. Although there has been some opposition to Bitcoin and other cryptocurrencies, there are now potential users ranging from AMC to El Salvador.