The Bitcoin network is set to receive an upgrade tomorrow dubbed Taproot.
Smart contracts are essential for some of the newer innovations on blockchains such as decentralised finance .
While the cryptocurrency space has matured a lot over the years with most exchanges working with tax collection bodies, buying into cryptocurrencies still carries with it the risk of losing some or all of your money, especially if you invest in dodgy projects like SquidCoin which saw scammers make off with $3.3 million.