Jimmy Song, a developer of Bitcoin Core, criticized the Taproot upgrade for failing to anticipate the emergence of inscriptions – content containing non-financial data – on the blockchain. He argues that Taproot has not fulfilled its promise of privacy and security.
Although Taproot has introduced Schnorr signatures and improved efficiency for multi-signature transactions, analysis tools can still recognize transaction patterns and address types, reducing anonymity. Furthermore, many wallets and services have not fully adopted the new features, so users still use classic addresses, which are less secure.
The song also emphasizes that Taproot bypasses risks from the “social attack surface” – that is, the part vulnerable to abuse due to user or societal behavior – making it not designed to counter data spam or inscriptions affecting Bitcoin's core financial objectives.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
STRC Becomes Key Weapon? Strategy Approaches BlackRock Bitcoin Holdings, Institutional Showdown Enters Peak Competition
Strategy is rapidly catching up to BlackRock in Bitcoin holdings, currently holding 761,068 BTC valued at approximately $57 billion. The company continues to increase positions through funding via its preferred stock product STRC. Despite stable funding sources, it faces equity dilution and market risks, with future competitive dynamics dependent on macroeconomic liquidity and financing channels.
GateNews10m ago
Prediction Markets Shift Collectively: Iran Conflict May Prolonged, Bitcoin and Inflation Face Intensified Pressure
Due to tensions in the Middle East, short-term ceasefire expectations have declined, affecting global inflation and interest rates, and putting pressure on risk assets like Bitcoin. Analysis suggests that high oil prices and high interest rates will continue to suppress the crypto market, with future market trends closely tied to geopolitical developments.
GateNews15m ago
France's Crypto "Wrench Attack" Escalates: Teenagers Involved in Kidnapping Extortion, Bitcoin Holders' Safety Concerns Intensify
France has recently experienced a rise in cryptocurrency-related violent crime, with kidnapping cases involving crypto influencer families raising security concerns. Police have detained multiple suspects, and the cases indicate organized cross-border crime trends. Analysis suggests that the traceability of digital assets makes them attractive targets for criminals, and users need to prioritize asset security.
GateNews16m ago
Visa and Stripe act simultaneously: AI agents can make autonomous payments, and stablecoin payment infrastructure enters a new stage
As the convergence of AI and stablecoin payments accelerates, Visa has launched the Visa CLI tool, which enables AI agents to complete payments directly, enhancing automation levels. Meanwhile, Tempo, backed by Stripe, has launched with a machine payment protocol to meet the high-frequency trading needs of AI. AI agents are gradually becoming economic participants with autonomous trading capabilities, and in the future may accelerate the realization of automated procurement and cross-border payments.
GateNews24m ago
