The lack of consensus on how Taproot will be activated on the Bitcoin mainnet leads developers to use “The Coinflip” to appropriately choose between the two broadest activation options, although this appears to leave the development of the network “too much to chance.”
The developers of Bitcoin (BTC) They have not yet been able to decide, by consensus, which method will be used to activate tap root on the mainnet or main network of the cryptocurrency. Although the activation of this update in the blockchain Bitcoin was recently definitively approved, but there is still a question about how it will be done.
The two most extensive proposals from developers so far are to enable Taproot via a UASF (User Activated Soft-Fork), a User Activated Soft Fork; although there are also those who believe that with the support of miners who control more than 88% of the network's mining power, a UASF is not necessary, but rather that the activation should be handled by the blockchain's miners.
This debate between the most appropriate activation method for Taproot leads developers to use a method of chance known in English as “The Coinflip”, or in Spanish as “toss the coin,” to choose between the two options being debated.
As expected, some developers also disagree with implementing this methodology for choosing how to activate Taproot, and there are also those who are neither for nor against “random coin flipping.”
On the other hand, the Bitcoin developer Jeremy Rubin He noted that while this game of chance will help developers finally settle on an activation method for Taproot, its implementation also seems to leave Bitcoin development too much to chance – as the developer put it, “a bit flippantly.”
It may interest you: Bitcoin developers, miners and enthusiasts could activate Taproot through a UASF
I support BIP-8 confronts developers
As Bit2Me News reported in early February, developers, miners and other Bitcoin enthusiasts who participated in the meeting After activating Taproot on IRC on February 2nd, they reached a consensus to support BIP-8 to activate the long-awaited upgrade, which includes two pull requests.
Support for this Bitcoin improvement proposal caused anger among well-known Bitcoin Core developer, Luke Dash Jr., who stated that he will support the development of the network in all aspects, except for the activation of Taproot through a UASF. In the past, Dash Jr. had expressed his disagreement with using this method, but his comments were ignored, the developer noted.
Taproot, as we have already reported in this medium, is one of the most important updates that users and developers of the Bitcoin network are expecting, and that will give this blockchain a high degree of flexibility to implement smart contracts (smart contracts) within Bitcoin, while also offering greater privacy to the network by allowing users to obfuscate complex smart contract transactions as if they were a regular transaction within the blockchain network.
The arrival and activation of this technology on the Bitcoin mainnet will make the network more efficient, robust and secure for users, which can exponentially boost its value in the markets.
Taproot, which was scheduled to launch on mainnet at the end of March, has been postponed until next November.
At the time of this edition, Bitcoin has a value of $60.600, and its capitalization remains above 1,13 trillion dollars.
Continue reading: Schnorr and Taproot: The Future of Bitcoin Scalability and Privacy
