What does Bitcoin tap mean

What does Bitcoin tap mean

What does Bitcoin token mean? Bitcoin token refers to the person who buys and sells Cryptocurrency on the crypto asset trading platform, or uses Bitcoin to get paid. Bitcoin taker is called Bitcoin Teller in English, which means to record the process of ownership and property transfer and Digital identity on the blockchain. Simply put, it means that a user can deposit their funds (such as BTC) into their wallet and perform operations without any third-party involvement. In addition, users can also set up Bitcoin accounts and initiate proposals according to their preferences to meet their suggestions or requirements According to Coindesk, Bitcoin developers are implementing a new protocol called Taprot. According to recent announcements, the upgrade of “Taprot” will make transactions faster, cheaper, and less costly to accept – without being limited by time. This means that it will be activated at block height 148888, eliminating all potential vulnerabilities similar to the current Bitcoin code structure and reducing network costs. It is reported that this version is also planned to be audited later next year to ensure that it meets the expected security and achieve “Zero-knowledge proof”, so as to reduce possible network congestion.

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