Taproot: An Example Of Bitcoin’s Win-Win Logic

Taproot has a variety of benefits for all users of Bitcoin, and is an example of improving ability to expand and enhance Bitcoin.

Jason Lau is the COO of Okcoin.

Almost four years after Bitcoin’s last big update, Taproot is finally locked in and will activate in November. This is a big win for Bitcoin and the entire ecosystem, whether or not you understand the technical intricacies of the upgrade itself. Okcoin will support Taproot when it activates, to ensure that our customers and the network can benefit.

Taproot is a win for everyday users because it will make transactions cheaper: switching from the current standard (ECDSA) to Schnorr signatures will make transactions about 12{13aab5633489a05526ae1065595c074aeca3e93df6390063fabaebff206207ec} more efficient. It is also going to make smart contracts cheaper, by requiring fewer signatures to be broadcast to the blockchain. More efficient block space usage is going to benefit everyone.

Taproot is a win

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Fan has been to all since 1956

Benny Crowe went to his first Indiana All-Stars game in 1956.

“I would have been there in ’55,” Crowe said. “But I didn’t have my driver’s license yet.”

In June of 1956, Crowe attended his first Indiana-Kentucky All-Stars game at a sweltering Butler Fieldhouse. The 16-year-old Crowe watched Oscar Robertson pour in 34 points as Indiana routed Kentucky and its Mr. Basketball, King Kelly Coleman. Two nights later, Crowe was among those in a sellout crowd at the Louisville Armory who watched Robertson drop 41 points on Kentucky in a 25-point blowout win.

Crowe, 82, was hooked. Since that game in 1956, he has kept coming back to the Indiana-Kentucky All-Stars games. Every year. Every game. Every game?

More:Decade-long bond ties South Bend All-Stars and future Notre Dame teammates

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“Kentucky and Indiana,” Crowe said. “I

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