• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Saturday, September 23, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

All Major Mining Pools Now Support Bitcoin’s Taproot Upgrade

30 December 2020
in Blockchain
Reading Time: 2 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Binance Pool, the mining pool run by one of crypto’s biggest exchanges, is prepared to support Taproot, a good omen for the next major Bitcoin upgrade. The addition of Binance Pool to the “yes” column means that all the major pools are now on board.

Taproot is a scaling and privacy change that will be the biggest upgrade the digital currency has received in years – and it’s far less controversial than the last one. 

According to crypto mining pool Poolin VP Alejandro De La Torre, Binance Pool says it will support the Taproot upgrade, clearing up any ambiguity, since the pool was the only one with over 10% of the network that hadn’t said “yes” to the proposal. Binance Pool represents 11% of the Bitcoin mining hashrate, so its support pushes mining pool support up to about 91% of the hashrate.

Binance did not respond immediately to request for comment.

De La Torre leads Taproot Activation, an initiative to find out if there is agreement on Taproot as a change. According to the website, a few smaller mining pools, including Lubian.com and BTC.TOP, have not responded about whether they support the upgrade or not.

This support from miners comes in stark contrast to SegWit, Bitcoin’s last major upgrade, which activated in 2017. SegWit was deployed by way of BIP 9, requiring that 95% of mining pools flag support the change before the change would officially activate. To block the change, mining pools simply did not flag, 

So far, mining pools have no problem with Taproot. Binance Pool’s support is a bellwether sign that the change could activate soon if no one finds some sort of fatal flaw in it.

This news is particularly consequential because if Taproot is deployed by way of BIP 9, then mining pools will need to flag that they’re ready for the change before it can activate.

But there’s still some debate about this process. The mechanics of Taproot itself are not controversial. Bitcoin’s most active developers all but universally agree it’s a positive change. 

Still, how to deploy the change is still up for debate. Over the last several months, developers have been discussing the best way to deploy Taproot. To oversimplify a complex debate, some think BIP 8 would be better because it doesn’t allow mining pools to block the change out of sluggishness or apathy. 

Knowing that mining pools, such as Binance Pool, support the change might give BIP 9 a boost.





Source link

Related articles

Bitcoin Holding Above $26K Is ‘Remarkable’ as Equities Take a Hit. What’s Next for BTC’s Price?

Bitcoin Holding Above $26K Is ‘Remarkable’ as Equities Take a Hit. What’s Next for BTC’s Price?

22 September 2023
AI Should Be Decentralized, But How?

AI Should Be Decentralized, But How?

22 September 2023
Cryptohopper
ADVERTISEMENT
[crypto-donation-box]
Tags: BitcoinsMajorMiningPoolsSupportTaprootupgrade
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Grayscale reportedly dumps massive stakes in XRP, XLM

Next Post

XRP, Decred, Polkadot Price Analysis: 30 December

Related Posts

Bitcoin Holding Above $26K Is ‘Remarkable’ as Equities Take a Hit. What’s Next for BTC’s Price?

Bitcoin Holding Above $26K Is ‘Remarkable’ as Equities Take a Hit. What’s Next for BTC’s Price?

22 September 2023
0

The 200-week and 200-day moving averages converge at $27,800, acting as an obstacle to further BTC price gains. Source link

AI Should Be Decentralized, But How?

AI Should Be Decentralized, But How?

22 September 2023
0

The case for greater transparency and verifiability in AI. But is decentralization the best way to achieve that and is...

CFTC Denies Kalshi’s Plan to Let Users Bet on Control of U.S. Congress

CFTC Denies Kalshi’s Plan to Let Users Bet on Control of U.S. Congress

22 September 2023
0

Regulators said the plans weren't in the public interest, after a court squabble involving rival service PredictIt Source link

First Mover Americas: Bitcoin Vapid; Toncoin Leads Weekly Gains

First Mover Americas: Bitcoin Vapid; Toncoin Leads Weekly Gains

22 September 2023
0

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 22, 2023. First Mover is CoinDesk’s...

Sam Bankman-Fried Sort of Had a Rough Day

Sam Bankman-Fried Sort of Had a Rough Day

22 September 2023
0

Yesterday was arguably not a great day for Sam Bankman-Fried. First, the judge overseeing his case rejected all seven of...

Load More
Next Post

XRP, Decred, Polkadot Price Analysis: 30 December

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Some Japanese XRP Holders Will Receive Yen for Delayed Songbird Airdrop
  • Ethereum Staking Momentum Falling, What’s Going On?
  • Americans (Seemingly) Aren’t Allowed to Put This Economic Theory to the Test

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$26,582.00-0.25%
  • ethereumEthereum(ETH)$1,595.610.19%
  • tetherTether(USDT)$1.000.03%
  • binancecoinBNB(BNB)$211.470.00%
  • rippleXRP(XRP)$0.510.46%
  • usd-coinUSDC(USDC)$1.000.02%
  • staked-etherLido Staked Ether(STETH)$1,595.050.24%
  • dogecoinDogecoin(DOGE)$0.0616580.08%
  • cardanoCardano(ADA)$0.244592-0.68%
  • solanaSolana(SOL)$19.45-0.59%
  • ToncoinToncoin(TON)$2.30-1.14%
  • tronTRON(TRX)$0.0832910.02%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.36%
  • polkadotPolkadot(DOT)$4.02-0.13%
  • matic-networkPolygon(MATIC)$0.520.03%
  • litecoinLitecoin(LTC)$64.91-0.42%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,569.00-0.24%
  • shiba-inuShiba Inu(SHIB)$0.0000070.54%
  • bitcoin-cashBitcoin Cash(BCH)$208.810.39%
  • chainlinkChainlink(LINK)$7.085.67%
  • daiDai(DAI)$1.000.04%
  • leo-tokenLEO Token(LEO)$3.860.65%
  • true-usdTrueUSD(TUSD)$1.00-0.18%
  • uniswapUniswap(UNI)$4.25-0.45%
  • stellarStellar(XLM)$0.1151710.82%
  • avalanche-2Avalanche(AVAX)$8.88-0.28%
  • moneroMonero(XMR)$145.45-0.31%
  • okbOKB(OKB)$42.98-0.16%
  • binance-usdBinance USD(BUSD)$1.00-0.01%
  • ethereum-classicEthereum Classic(ETC)$15.21-0.44%
  • cosmosCosmos Hub(ATOM)$7.16-0.25%
  • hedera-hashgraphHedera(HBAR)$0.0507200.81%
  • filecoinFilecoin(FIL)$3.230.04%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • crypto-com-chainCronos(CRO)$0.0505670.91%
  • lido-daoLido DAO(LDO)$1.490.08%
  • quant-networkQuant(QNT)$90.141.17%
  • internet-computerInternet Computer(ICP)$2.941.02%
  • MantleMantle(MNT)$0.393303-0.30%
  • vechainVeChain(VET)$0.017050-0.34%
  • AptosAptos(APT)$5.150.56%
  • makerMaker(MKR)$1,283.03-1.31%
  • ArbitrumArbitrum(ARB)$0.841.82%
  • nearNEAR Protocol(NEAR)$1.12-0.73%
  • optimismOptimism(OP)$1.30-0.06%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0466092.75%
  • aaveAave(AAVE)$64.201.73%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,732.650.30%
  • BSCEXBSCEX(BSCX)$237.190.34%