Bitcoin Taproot upgrade is all set to get activated by this Saturday nearly five months after getting locked in nearly five months ago in June.
Taproot promises to bring programmable scripting quite similar to Ethereum smart contracts and thus could make way for other ecosystems working on top of it.
With a focus on privacy, the Taproot upgrade would introduce MAST which would make it easier to obscure the source of transactions and make the Bitcoin network more privacy-centered.
The same can be said for the Bitcoin network as well given Taproot is one of the biggest upgrades that would various aspects and functionalities.
The price retraced soon after reaching the ATH and dipped by nearly $5K, however with the taproot upgrade just days away, BTC could get out of the consolidation phase to retest ATH.