Jimmy Song, a developer of Bitcoin Core, criticized the Taproot upgrade for failing to anticipate the emergence of inscriptions – content containing non-financial data – on the blockchain. He argues that Taproot has not fulfilled its promise of privacy and security.
Although Taproot has introduced Schnorr signatures and improved efficiency for multi-signature transactions, analysis tools can still recognize transaction patterns and address types, reducing anonymity. Furthermore, many wallets and services have not fully adopted the new features, so users still use classic addresses, which are less secure.
The song also emphasizes that Taproot bypasses risks from the “social attack surface” – that is, the part vulnerable to abuse due to user or societal behavior – making it not designed to counter data spam or inscriptions affecting Bitcoin's core financial objectives.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Eyes Key Support Reclaim as Weekly Close Tops $70K
Bitcoin edged toward a pivotal weekly finish, with traders watching a potential close above the $70,000 mark that would also reclaim a critical long-term indicator. The setup sits at a crossroads as macro risk remains in play and buyers test a sequence of technical levels that have defined the
CryptoBreaking14m ago
Bitcoin Hit a Major Milestone—Most Miners Won't Be Around for the Next One
In brief
The Bitcoin network mined its 20 millionth coin this week, leaving just 1 million remaining—a supply that could take 115 years to fully unlock.
Analysts expect many publicly traded Bitcoin miners to exit the business entirely by 2027 and 2028, liquidating Bitcoin holdings to fund
Decrypt1h ago
Bitwise CIO: Bitcoin's Price Could Rise to $1 Million if it Captures a Larger Share of the Value Storage Market
Matt Hougan, Chief Investment Officer of Bitwise Asset Management, points out that Bitcoin could reach $1 million if it captures a larger share of the global store of value market. This target reflects Bitcoin's maturation and the impact of long-term institutional adoption, but achieving it could take a decade or longer.
GateNews1h ago
Bitcoin Whales Accumulate Again at $71K, Santiment
Bitcoin (CRYPTO: BTC) has hovered near the $71,000 level as large holders ramp up exposure, according to Santiment’s latest weekly assessment. The analysis highlights a renewed shift by wallets that hold 10 to 10,000 BTC, which Santiment described as a bullish signal if it endures. The share of the
CryptoBreaking2h ago
Top Crypto Presale 2026: the New 1000x Opportunity for Those Who Missed Bitcoin
Bitcoin once looked absurd. Then it made early buyers rich beyond anything most people imagined. That is the point. Most people did not miss Bitcoin because they were careless. They missed it because they waited for “certainty.”
But crypto does not reward comfort. By the time something feels
BlockChainReporter2h ago
