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
Capital Flows From Gold Back to Bitcoin As Digital Haven Matures
Bitcoin has consistently been considered as a centerpiece for crypto-economic theory and its representation as “Digital Gold”. Recent data from Fidelity clearly demonstrates that Bitcoin’s role as a measurable indicator of market performance is firmly established as a reality, not just a
BlockChainReporter15m ago
Bitcoin's $1.3 trillion security race: Key initiatives aimed at quantum-proofing the world's largest blockchain
Quantum computers capable of breaking the Bitcoin blockchain do not exist today. Developers, however, are already considering a wave of upgrades to build defenses against the potential threat, and rightfully so, as the threat is no longer hypothetical.
This week, Google published research
CoinDesk17m ago
Good brother Majie, Huang Licheng closed his BTC and HYPE long positions, and his trading win rate over the past week has reached 80%.
Buddy Big Brother Huang Licheng has closed out all his BTC and HYPE long positions. He still holds a 25x leveraged long position with 8,200 ETH. His liquidation price is $2,002, with an unrealized profit of $465k. He has placed 33 ETH limit sell orders in the $2,141–$2,200 range. In the past week, he has closed 10 positions in total, winning 8 of them, for a win rate of 80%.
GateNews48m ago
Here's what 'cracking' bitcoin in 9 minutes by quantum computers actually means
Google's Quantum AI team said earlier this week that a future quantum computer could derive a bitcoin private key from a public key in roughly nine minutes. The number ricocheted across social media and spooked markets.
But, what does it actually mean in practice?
Let's start with how bitcoin
CoinDesk57m ago
