What are the main differences between native segwit and taproot in terms of transaction speed and efficiency?

1 answers

• Mar 16, 2022 · 3 years ago
  Native segwit and taproot are two different solutions to improve transaction speed and efficiency in the Bitcoin network. Native segwit achieves this by reducing transaction size and fees through a different address format and witness structure. This results in faster confirmations and lower costs for users. Taproot, on the other hand, focuses on enhancing privacy and enabling more complex smart contracts. While taproot doesn't directly impact transaction speed, it improves efficiency by reducing the size of multi-signature transactions. Both native segwit and taproot play a crucial role in improving the overall transaction experience in terms of speed and efficiency.
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