Bitcoin Taproot Upgrade Nailed Down for July, but Some Finer Details Still Aren’t Finalized

A release date and activation timeline are set for Bitcoin’s Taproot upgrade, but developers and other stakeholders are still debating the best method to coordinate Bitcoin’s biggest upgrade since SegWit.

Per a public IRC chat discussion, the code for the fully primed-and-ready Taproot upgrade will be deployed sometime between March 17 and March 31 (or April if necessary), but the actual signaling that kick-starts the activation process probably won’t start until July.

If everything goes as planned, then Bitcoin’s “economic majority” (miners and node operators who run Bitcoin’s code) could update within two weeks of the signaling period’s start. Come August 2022, Taproot’s activation period will reach its timeoutheight and signaling will end.

Assuming mining pools reflecting 90%+ of Bitcoin’s hashrate support Taproot before the timeoutheight (as one survey indicates), then the vast majority of support would ensure Taproot is a success, and the other 10% or so (the “economic minority”) can update

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Author: dev


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