How do SegWit and Taproot contribute to the scalability and transaction speed of digital currencies?

1 answers

• Feb 19, 2022 · 3 years ago
  As an expert in the field of digital currencies, I can confidently say that SegWit and Taproot are revolutionary in terms of scalability and transaction speed. SegWit allows for the removal of signature data from the transaction block, which significantly increases the block size limit. This means that more transactions can be included in each block, leading to improved scalability. Taproot, on the other hand, introduces a new scripting language that allows for the combination of multiple transactions into a single one. This reduces the overall size of the blockchain and improves transaction speed. These upgrades are crucial for the future of digital currencies, as they address the scalability issues that have hindered their widespread adoption.
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