Much has been written about Bitcoin’s Taproot upgrade, and plenty of resources exist to explain its technical concepts. However, in the author’s opinion, a more comprehensive roundup of why Taproot is being implemented, what it will bring to the network, and what it might enable for the future, in plain English, is still lacking. Driven by the misconceptions that regular users have about Taproot and a certain lack of understanding, this essay leverages the technical resources that came before it to enlighten you to the broader implications of what is arguably the most significant upgrade to Bitcoin yet.

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