Bitcoin Core developer Jimmy Song has criticized the Taproot upgrade for its unforeseen "trolling value," which has allowed nonfinancial transactions like Ordinals and BRC-20s to flood the network. Song argues that the upgrade failed to deliver on its promised privacy and security features, citing complications with Schnorr signatures and Script Paths Spend features. Despite these issues, Song remains hopeful that Taproot could still benefit Bitcoin in the future.
The debate over Taproot has highlighted a divide within the Bitcoin community. Some, like Song, advocate for Bitcoin to remain a peer-to-peer electronic cash system, while others, including Bitcoin Ordinals leader "Leonidas," support using Taproot for broader applications. Leonidas claims that Ordinals and Runes have contributed over $500 million in transaction fees, bolstering Bitcoin's security amid declining mining subsidies.
Bitcoin Developer Criticizes Taproot's Unintended 'Trolling Value'
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.