About the BTC Core Taproot: what’s wrong with that?
Active users of the cryptoindustry know about Bitcoin Core as a popular, advanced project that is constantly evolving, offering its audience new digital solutions. However, not every coin update is met positively. For example, the recent cryptocurrency update has caused a storm of discontent among asset owners. A set of innovations called Taproot was received negatively in the community. The developers are accused of deliberately deteriorating the functionality of the asset. Users say that the creators of the coin deliberately weaken privacy in order to take over the assets of their audience. The arguments are quite weighty. Therefore, let’s analyze the conflict, the position of the parties and draw conclusions who is right: the audience or the creators of Bitcoin Core. So, without further ado, let’s get started.
About the update
Obviously, to discuss the update, you must first find out what exactly the developers have brought in the new version of the coin. The creators of the most active hardfork of classic Bitcoin have presented one of the largest updates of recent times. The innovation was named Taproot and was uploaded to the Web on January 14th. However, the protocol has not yet been adopted. It is possible that the developers have taken into account the comments of users and are making changes to the system. However, this is just speculation. But the fact is the striking dissatisfaction of the clients of the project. The fact is that the developers decided to modernize the main process in the system – money transfers. Taproot offers functionality that encloses coins in “digital containers”.
The latest are sent much faster than a classic transaction. But independent developers see this innovation as a direct attempt to distinguish especially large translations in order to transfer information about users to interested parties. Community representatives are outraged, reproaching Bitcoin Core for links with third-party analytical companies and the government. Which supposedly will receive valuable information about the owners of the cryptocurrency. In protest, the community is calling for a massive move away from Taproot. Users believe that a boycott of the innovation will allow them to achieve their goal and defend the right to confidential use of cryptocurrency. Now let’s discuss how asset developers respond to criticism.
Coin creators about Taproot
Of course, the representatives of the project sharply deny all claims and put forward counter-accusations to the dissatisfied. The leader of the anti-Taproot movement is Nikita Zhavoronkov. And the Bitcoin Core company sees in his statements a paid libel against a competing project. Because Zhavoronkov is cooperating with Bitcoin Cash. Representatives of the Core project are not shy about direct insults and argue that everything said is nothing more than gossip to undermine a competitor’s reputation. Indeed, their position is understandable, because Taproot is a fairly old idea. The makings of the project were planned a few years ago. And before the adoption stage, the project was tested by many independent programmers.
The code has been thoroughly reviewed by third-party developers. And yet this does not in any way refute the community’s accusations. Of course, we have no doubt that this is just a coincidence that the Bitcoin Core developers are not keen to sell their users’ confidential data. It is a complex conflict. But the allegations seem too serious. And so far there has been no serious response from the entrepreneurs. We will follow the development of events. And inform you about all the news from the crypto industry. We publish only high-quality, interesting material. Thank you for attention. Good luck!