{"id":16708,"date":"2021-05-04T16:10:15","date_gmt":"2021-05-04T16:10:15","guid":{"rendered":"http:\/\/ci028242d550002458"},"modified":"2021-05-04T16:10:15","modified_gmt":"2021-05-04T16:10:15","slug":"half-of-bitcoin-hash-rate-signaling-for-taproot","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/technical\/half-of-bitcoin-hash-rate-signaling-for-taproot","title":{"rendered":"Nearly Half Of Bitcoin Hash Rate Now Signaling For Taproot Activation"},"content":{"rendered":"
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The path to activation for Bitcoin’s Taproot protocol upgrade is underway after the recent Bitcoin Core version 0.21.1 release included its activation code<\/a>, and the largest mining pools are already signaling support.<\/p>\n

Bitcoiners can follow the upgrade signaling status via Taproot.watch<\/a>, a website created by Bitcoin developer Hampus Sj\u00f6berg.<\/p>\n

According to data from the site<\/a>, more than 47% of the total Bitcoin network hashing power is signaling support for the protocol upgrade at the time of writing, led by AntPool<\/a> and F2Pool<\/a>, which combined account for over 36% of the network’s total hash rate.<\/p>\n

This signaling method follows a soft fork deployment framework called Speedy Trial<\/a>, in which miners and mining pools help coordinate the upgrade. They do that by signaling support for the deployment in the blocks they mine within a certain block threshold.<\/p>\n

The soft fork gets locked in for activation if 90% of all blocks mined in the difficulty adjustment window of 2,016 blocks include the activation signal. Although 48% of support isn’t enough for activation, it is a positive milestone to achieve just a few days into the Speedy Trial period.<\/p>\n

The network has to achieve this consensus in one of the difficulty adjustment epochs between May and August to lock Taproot in as a protocol upgrade for block 709,632, which is expected in November. If it fails, developers would need to devise a new deployment method to substitute Speedy Trial for Taproot to activate.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin mining pools have begun signaling for the Taproot soft fork activation, with almost half of network hash rate currently doing so.<\/p>\n","protected":false},"author":2572,"featured_media":12371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[2290,1075],"class_list":{"0":"post-16708","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technical","8":"tag-speedy-trial","9":"tag-taproot"},"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\/how-did-bitcoins-hash-rate-hit-all-time.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16708","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=16708"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/12371"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=16708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=16708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=16708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}