Taproot's Unexpected Success in Bitcoin Transactions

12/12/2024 2:10:20 PM

According to BitMEX Research, Taproot has achieved significant success in the Bitcoin network. In April 2023, the volume of Taproot outputs surged to nearly 30% of all Bitcoin outputs, largely propelled by the Ordinals project. This increase in usage, although not initially intended, highlights the adaptability and robustness of Taproot's design. Such unforeseen applications underscore the value of flexible and versatile protocol designs in the crypto space. (Source)

Bitcoin BitMEX Research Ordinals Taproot

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