Bitcoin Continues Evolving in the Right Direction With Taproot and the Schnorr’s Signatures

These improvement proposals are important for the future of Bitcoin.

Bitcoin belongs to all its users. The source code of the Bitcoin Blockchain is open source and its developments are made by developers who strongly believe in the potential of Bitcoin to build a better world for all in the future.

The absence of a leader at the head of Bitcoin is an essential advantage to guarantee its fully democratic side. The absence of a leader making arbitrary decisions about the future of Bitcoin requires the Bitcoin Core developer community to work in a well-organized way to evolve the Bitcoin source code.

In the well-defined process of Bitcoin source code evolution, one of the final steps before the Bitcoin Core software fork is the publication of changes as Bitcoin Improvement Proposals (BIP).

After several months of work, the Bitcoin Core source code evolutions incorporating Taproot and the Schnorr’s signatures have just been proposed as BIP 340, 341 and 342.

In this story, I will tell you about these evolutions that should be integrated into Bitcoin Core in the near future and explain why they are proposed and why they are going in the right direction for the future of Bitcoin.