A crypto ecosystem’s main adopter is driven by real-world uses. The same holds true for ().BTC(Network). In the next seven days, the Bitcoin protocol will undergo a soft fork in the name of Taproot upgrade, which aims to improve the network’s privacy, efficiency and smart contracts capability.

Taproot is Bitcoin’s first major upgrade since August 2017, which saw the introduction of Segregated Witness(SegWit) which resulted in Launch of Lightning Network. While the previous fork primarily sought to fix transaction malleability and improve Bitcoin’s network scalability, the Taproot upgrade aims to revamp transaction efficiency, privacy and support smart contracts initiatives.