In the wake of the block size war of 2017, the smooth taproot upgrade is a demonstration of strong consensus about the direction of base layer protocol development,” says Cory Klippsten, the chief executive of bitcoin-buying app Swan Bitcoin, speaking via Telegram.
Bitcoin is up around 300% over the last 12 months, while ethereum, the second-largest cryptocurrency after bitcoin, is up around 1,000%.
I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself.