Representation of virtual currency Bitcoin and a padlock are placed on a computer motherboard in this illustration picture taken on May 4. Photo: Reuters
Bitcoin to get more privacy features in Taproot update, making it harder to trace payments
- The bitcoin network has approved a new update called Taproot to enhance privacy for users, which some say could change the way payments and derivatives are made
- Proponents hope the update will make the bitcoin network friendlier to developers, as the more feature-rich Ethereum network has remained more attractive
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Representation of virtual currency Bitcoin and a padlock are placed on a computer motherboard in this illustration picture taken on May 4. Photo: Reuters