Bitcoin Taproot support lags 27% behind – although soft fork is opt-in supporters, nodes are asking for update – technology Bitcoin News
On June 12, the crypto community celebrated the fact that the Bitcoin network enabled Taproot support to enable the largest upgrade the protocol has seen in four years. 24 days later, taproot support across Bitcoin nodes has only hit 27.55% and upgrade supporters are asking the community to upgrade their nodes.
It is your duty to update nodes, say numerous bitcoin taproot threads
Data from the Twitter account named Taproot signal shows that Taproot-supporting nodes account for just over 27% of the known number of public nodes. 72.45% have not updated their Bitcoin nodes to support the upcoming activation phase in November. However, the upgrade is a soft fork, meaning that nodes don’t necessarily need to be upgraded to stay within the Bitcoin rulebook. Similarly, the Soft Fork Segregated Witness (Segwit) suffered from a lack of node acceptance when it was activated in 2017.
Bitcoin Node Taproot Support: 27.55%
Number of nodes:
Taproot: 16876
Not mandatory: 43802
Light: 47
Unknown: 536 pic.twitter.com/bEWJVUoQBQ– Taproot signal (@taproot_signal) July 6, 2021
Segwit adoption rates only started in March 2018 with much higher values. Segwit adoption rates peaked at 53% on February 23, 2021 and today the levels have climbed higher, reaching 71% according to Segwit usage data as of July 6. After Segwit was implemented, many Bitcoiners pleaded with node operators and large crypto companies to adopt the soft fork. The same can be said about Taproot today, as crypto backers post on forums asking node operators to update to a Taproot-supporting node as soon as possible.
Over two weeks ago, a Redditor wrote, “Less than 25% of nodes are forcing Taproot, UPDATE your nodes.” In the forum post, people were discussing what would happen to a node that was not updated to 0.21.1. One person said that if a node was not updated to 0.21.1 after block 709.632 and “a miner would produce a block that violates the taproot rules” they “could consider that block valid while anyone who has upgraded and deemed it “invalid.” Another Redditor who responded to the comment disagreed with the person’s assessment.
“As far as I understand, there is no way to create a block that ‘but violates the tap-root rules,'” the person wrote. “It’s a soft fork. Both old and updated nodes consider pre-taproot and post-taproot blocks to be valid. Old nodes will see Taproot UXTOs as outputs that anyone can put out … but in reality they are not. It works on all versions. “
‘Update Your Nodes To Taproot And Make Your Friends Do It Too’
On July 5, 2021, another Reddit post appeared on r / bitcoin asking bitcoiners to update their nodes. “If you’re running a node, be sure to update it to support Taproot, only 27% so far,” the Redditor’s thread said. Again, this thread was hit on discussion after some redditors told the author of the post that Taproot is a soft fork and these upgrade posts are useless.
“Taproot is a soft fork, so sign up,” read the most-rated comment on the thread. “You don’t have to upgrade. That being said, I run two full nodes, both of which contain the latest bitcoin core version. Why not [support] Free speech? Even if I don’t have to say anything that important at the moment. “
The popular Twitter account @mikeinspace also discussed the topic of taproot upgrade on Tuesday. Referring to the 27% support thread on Reddit, he told his 11,000 Twitter followers that he had seen a number of these types of Taproot upgrade posts on social media.
“I’ve been seeing a lot of this ‘it’s your duty to update’ lately,” he said tweeted. “I thought soft forks should be optional and you are welcome to force consensus while ignoring the vendor’s extensions.” So was Mike’s Twitter handling in Space mentioned the notorious Chris DeRose, former host of the program “Bitcoin Uncensored”. Mike in space added:
There has been a lot of talk from DeRose about the pristine Bitcoin that is now lost in memory. It affected Mircea Popescu, Bitcoin Seller Extensions, and the Bitcoin Dot Foundation, the only true Bitcoin.
There are a large number of people on Twitter asking or directing node operators to support Taproot as soon as possible. “Update your nodes to Taproot and get your friends to do it, too,” Francis Pouliot told its 68,000 Twitter followers.
“The financial incentive for nodes to upgrade to Taproot is that it increases the value proposition for Bitcoin, thus helping your stash to appreciate,” another person said on June 13. In fact, on June 13, a large swarm of posts on Twitter showed Twitter a series of tweets asking Bitcoin node operators for an update.
What do you think of the lack of adoption Taproot is seeing today and the posts asking node operators to update ASAP? Let us know what you think on this matter in the comments below.
Photo credits: Shutterstock, Pixabay, Wiki Commons
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