It’s been a long time since the Bitcoin network has seen a major upgrade and the last time it happened was in 2017, back when BTC participants activated Segregated Witness .
The protocol that will be deployed if it comes to consensus, is a soft fork that improves the blockchain’s scripts for privacy-centric and complex transactions.
Following the traditional rules, in order for the Taproot activation to happen, miners need to adopt the new consensus rules by a certain period of time.
Decision making in Bitcoin is decentralized and consensus emerges naturally as the collective of individuals in the community weigh up the various competing proposals.
While a great number of BTC supporters are positive about Taproot activation, how to upgrade BTC has already come with controversy.
It’s been a while since Bitcoin has upgraded and per usual, people are skeptical about blockchain participants coming to consensus following the Segwit2x battles in 2017.
Despite some disagreements, many people think that coming to consensus over Taproot and even with the debatable activation methods, the upgrade will happen this year.
There is a signaling period of 2,016 blocks and “1,802 Taproot blocks left until soft fork is locked in,” the web portal taproot.watch says.
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