← RETURN TO THE CHAIN
January 21, 2020Protocol & scalingResearch & proposalsdocumented

The Taproot proposals are published

BIPs 340, 341 and 342 set out Schnorr signatures, Taproot outputs and a new scripting version.

Schnorr signatures allow several signers to produce one signature, and Taproot lets a complex spending policy look identical on-chain to an ordinary payment when everyone cooperates. Together they improve both privacy and the cost of multi-party contracts.