{"id":16409,"date":"2021-05-21T17:50:19","date_gmt":"2021-05-21T17:50:19","guid":{"rendered":"http:\/\/ci0283aa9d20002568"},"modified":"2021-05-21T17:50:19","modified_gmt":"2021-05-21T17:50:19","slug":"95-miners-potentially-activating-taproot","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/technical\/95-miners-potentially-activating-taproot","title":{"rendered":"95% Of Bitcoin Hash Rate \u201cPotentially\u201d Signaling For Taproot Activation"},"content":{"rendered":"
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Taproot.watch<\/a>, the website built by Hampus Sj\u00f6berg for people to follow along Bitcoin soft fork upgrade Taproot<\/a>\u2019s path to activation, has added a data visualization that showcases the total \u201cpotential\u201d acceptance by network hash rate.<\/p>\n

By adding the \u201cpotential\u201d hash rate share<\/a>, the website<\/a> now enables Bitcoiners to quickly get a better sense of how likely the soft fork is to be locked in as a protocol upgrade for November. Mining pools that have mined at least one \u201cgreen\u201d block (i.e., a block that signals Taproot activation) will count toward the new metric, while the \u201ccurrent total\u201d is summarized as before: the percentage of hash rate signaling for activation based on pools\u2019 most recently mined block and hash rate share.<\/p>\n

At the time of writing, 95.47% of the Bitcoin network hash rate has at least once mined a green block, in contrast to an 85.57% figure of those showing support<\/a> for Taproot in their latest blocks. However, Taproot.watch also indicates<\/a> that the soft fork will have to wait for another epoch to be locked in because there are 13% non-signaling blocks in the current signaling epoch<\/a> \u2013\u2013 it requires 90% of blocks to be green in an epoch.<\/p>\n

Taproot is a protocol upgrade that could bring more privacy and smart contract flexibility to Bitcoin<\/a>. But because it requires fundamental changes to the protocol, its activation is difficult and the method for activating it has been somewhat contentious<\/a>. Many in the space are hopeful that Taproot will be activated by miner signaling soon so that a larger debate about making changes to Bitcoin, reminiscent of the infamous block size debate of a few years ago, can be avoided.<\/p>\n","protected":false},"excerpt":{"rendered":"

Taproot.watch has added a new feature showing that a vast majority of Bitcoin mining hash rate supports Taproot activation.<\/p>\n","protected":false},"author":2572,"featured_media":15987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[189,2290,1075,2982],"class_list":{"0":"post-16409","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technical","8":"tag-bitcoin-mining","9":"tag-speedy-trial","10":"tag-taproot","11":"tag-taproot-watch"},"author_data":{"id":2572,"name":"Namcios","nicename":"namcios","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pfp-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/taproot-is-coming-what-it-is.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2572"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=16409"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/15987"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=16409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=16409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=16409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}