Jimmy Song, a developer of Bitcoin Core, criticized the Taproot upgrade for failing to anticipate the emergence of inscriptions – content containing non-financial data – on the blockchain. He argues that Taproot has not fulfilled its promise of privacy and security.
Although Taproot has introduced Schnorr signatures and improved efficiency for multi-signature transactions, analysis tools can still recognize transaction patterns and address types, reducing anonymity. Furthermore, many wallets and services have not fully adopted the new features, so users still use classic addresses, which are less secure.
The song also emphasizes that Taproot bypasses risks from the “social attack surface” – that is, the part vulnerable to abuse due to user or societal behavior – making it not designed to counter data spam or inscriptions affecting Bitcoin's core financial objectives.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Robert Kiyosaki Warns Of Biggest Crash In History: Makes Shocking Gold, Silver And BTC Price Predictions
Robert Kiyosaki has once again pushed a dramatic warning into financial markets. The author of _Rich Dad Poor Dad_ posted a message on March 16 that described what he believes could become the largest financial bubble collapse in history. His comments
CaptainAltcoin1m ago
Alliance Bernstein, which manages $850 billion in assets, states that BTC's resilience has significantly increased.
Gate News reports that on March 18, according to The Bitcoin Historian, Alliance Bernstein, a Wall Street asset management firm with assets under management of 850 billion dollars, stated that BTC currently has more resilience than ever before. The firm pointed out that against the backdrop of global conflicts, BTC is outperforming other assets, and Wall Street institutions are buying on dips.
GateNews1m ago
Whale addresses holding more than 100 BTC transferred over 44,000 BTC to exchanges yesterday
Gate News reports that on March 18, according to monitoring by CryptoQuant analyst Maartunn, whale addresses holding 100 or more BTC transferred 44,459 BTC to exchanges on March 17.
GateNews5m ago
Bitcoin Mining Heads To Space With NVIDIA Partnership
The crypto world just witnessed one of its boldest announcements yet. NVIDIA CEO Jensen Huang revealed a partnership that pushes mining far beyond Earth. This move introduces a concept that feels straight out of science fiction. Yet it now stands as a serious innovation roadmap. Bitcoin space mining
Coinfomania22m ago
A certain whale opened a short position with 40x leverage after BTC broke through $74,000, with a position size reaching $1.12 million.
Gate News reported that on March 18, according to Hyperinsight monitoring, within the past 10 minutes, after BTC surged over $74,000 in a short period, a whale account starting with 0x8b6 opened a new BTC short position with 40x leverage at an average entry price of $74,050 with a position size of $1.12 million. The whale is currently in a floating loss of $1,300 (-4.3%).
GateNews43m ago
Bitcoin Chart Warns of Major Crash Before Next Rally: How Low Could BTC Go?
Bitcoin price continues to trade near the mid $70,000 region after a steady climb during the past month. The latest BTC price structure shows strength on higher timeframes, though a widely shared chart now raises an uncomfortable question for bulls. The chart suggests that the current Bitcoin c
CaptainAltcoin52m ago
