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At 5:15 UTC (00:15 EST) on Sunday, Nov. 14, Taproot, the long-anticipated Bitcoin upgrade, activated at block 709,632, opening the door for developers to integrate new features that will improve privacy, scalability and security on the network. The upgrade locked in back in June, when over 90% of miners chose to “signal” their support.
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The key thing to keep in mind is that Taproot will enable new developments and new solutions. It is giving developers an expanded toolbox to work with as they continue to ideate, iterate and build. Some of these projects are already in the works. Many have yet to be imagined.
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