Bitcoin Receives Its First Major Security And Privacy Update In 4 Years
Cryptocurrency leader Bitcoin just received its first major update in 4 years. The Bitcoin network released a massive code update that has been in the works for a long time and brings with it several improvements.
As per the report by The Block, this new code update is said to improve both the privacy and security of complex transactions and make them look like any other exchange on the internet.
Potential cryptocurrency thieves will now have a hard time discovering an unusual crypto transfer.
The code update known as the Taproot update will also change the scale of the Bitcoin network by abandoning the current cryptocurrency system. This should make it easier to cope with the growing demand.
As mentioned above, this is the first major Bitcoin update since 2017 and it is a must. The king of cryptocurrencies is on the rise again around the world with increasing demand.
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Although it has some objection to digital currency, its users now include large corporations like AMC and even the country of El Salvador.
The Taproot update is designed not only to help new crypto users but also veterans of cryptocurrency trading.
You can read the technical details of this code update in The Block articles.
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