Wednesday, December 8

Bitcoin wallet developed by Argentines already provides support for Taproot


Bitcoin’s Muun wallet pioneered the upgrade of its software to support the Taproot upgrade proposal. Two days ago, on November 12, Muun had enabled the mechanism that allowed its users to be prepared for the soft-fork.

Now that Taproot has already been activated in Bitcoin for a few hours, as reported by CryptoNews, Muun users are among the first to benefit from the update.

The main advantage that Muun users now have is privacy. Until now, the outgoing addresses in this wallet were described in blockchain explorers as “multi-signature transactions.” But, since Taproot is activated, they look like “normal” Bitcoin transactions, although they are still multisig.

The information about the support that Muun would give to Taproot, was released in the blog oficial de Muun through a publication that they titled “Design of a fool-proof mechanism to improve scripts” (Designing a foolproof script upgrading mechanism, in English).

When opening the Muun mobile application, the following images can be seen with reference to Taproot and its new improvement:

In these infographics, Muun’s team briefly explains to their users the improvements coming to Bitcoin with Taproot and invites them to update their “Emergency Kit”. Source: Screenshots from Muun’s mobile app.

The “Emergency Kit” referred to in the above images is a security method developed by Muun for its users. With the arrival of Taproot, Muun users are advised to update this kit so that their wallet has the necessary descriptors to use this new Bitcoin enhancement.

In computing, descriptors are files that allow describing the way or form in which certain data is stored. In Muun’s case, that’s what updating his “Emergency Kit” is all about. In it you will find the mechanism that will help keep the descriptor updated and allows the use of Taproot safely with this wallet.

Muun’s new tool beyond the arrival of Taproot to Bitcoin

The reason behind the development and release of this new Muun update tool is not just the use of Taproot. In the publication where this tool is presented, an important issue is touched on regarding the scalability of Bitcoin, the constant advances in the field of addresses to receive BTC and new scripts.

According to Muun’s team, having an “Emergency Kit” and its new descriptor update mechanism is the best way to maintain an optimal level of adaptability in its application, without neglecting the security that this type of purse must have.

The most recent post on Muun’s blog also mentions some of the disadvantages that Bitcoin currently faces in terms of the efficiency and privacy it offers. Among them, the fact that using scripts (scripts) more advanced means losing the privacy of a transaction almost completely. In addition, the commission that such a transaction would pay would be much higher than the average.

Taproot offers a solution to the problem mentioned above, as it allows the most complex scripts to look identical to those of common transactions that have always been carried out in Bitcoin. This makes it much more difficult to locate which transactions have used this enhancement. In addition to this, Taproot also allows transaction fees to be lower than average.

Muun is a Bitcoin wallet developed by a company born in Argentina. Months ago, in an interview with CriptoNoticias, CEO Darío Sneidermanis explained that they have, among their priorities, maintaining high security and that the wallet can be easily used even by non-expert users.



www.criptonoticias.com

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