The Cryptonomics™
  • Home
  • Blockchain
  • Bitcoin
  • Ethereum
  • NFTS
  • Altcoin
  • Mining
  • Consulting
Reading: segregated witness – Why is Taproot vital to Ordinals?
Share
Please enter CoinGecko Free Api Key to get this plugin works.
The Cryptonomics™The Cryptonomics™
Font ResizerAa
Search
  • Home
  • Blockchain
  • Bitcoin
  • Ethereum
  • NFTS
  • Altcoin
  • Mining
  • Consulting
Follow US
  • About Us
  • Advertising Solutions
  • Privacy
  • Terms
  • Advertise
Copyright © MetaMedia™ Capital Inc, All right reserved
The Cryptonomics™ > Bitcoin > segregated witness – Why is Taproot vital to Ordinals?
Bitcoin

segregated witness – Why is Taproot vital to Ordinals?

admin
Last updated: May 26, 2024 8:54 am
admin Published May 26, 2024
Share
segregated witness – Why is Taproot vital to Ordinals?


I’ve discovered SegWit, Taproot, Schnoor and Ordinals lately. I can perceive all these phrases. However I do not perceive why folks say Taproot makes Ordinals attainable.

Taproot is definitely the model 1 of SegWit. Earlier than Taproot, we are able to solely set model 0 when utilizing SetWit. However I believe the model 0 SegWit is already enough to implement Ordinals protocol? In the identical approach, we want 2 phases/transactions to inscribe some information:

  1. Create a P2WSH transaction to commit a script. Identical to what Ordinals does now (i.e., create a P2TR transaction to commit a script).
  2. Create a transaction to disclose the script within the witness area. Identical to what Ordinals does now.

Within the script, I can nonetheless use the OP_FALSE OP_IF ... OP_ENDIF sample to embed the inscription information into the script.

So we are able to nonetheless implement Ordinals protocol with out Taproot. Why do folks say Taproot makes Ordinals attainable?

You Might Also Like

exchange by price – non-final transactions

Technique Buys $2.46B Bitcoin As ETH Agency BTCS Plans $2B Increase

Crypto ETF Flows Favor Ether Once more With $219 Million vs $80 Million for Bitcoin

MARA Holdings Beats Q2 Expectations With Document Income Soar

Coming quickly: 64 new spot pairs be a part of our maker payment incentive construction, with extra on the way in which!

Share This Article
Facebook Twitter Email Copy Link Print
Previous Article Spot ETH ETFs authorized, crypto invoice passes US Home, and extra: Hodler’s Digest, Could 19-25 Spot ETH ETFs authorized, crypto invoice passes US Home, and extra: Hodler’s Digest, Could 19-25
Next Article Aptos hits all-time excessive in person transactions Aptos hits all-time excessive in person transactions
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Ethereum at 10 and what’s subsequent
Ethereum at 10 and what’s subsequent
The journey to a mature asset administration system
The journey to a mature asset administration system
High 3 Meme Coin Gems Price Shopping for Earlier than Could 2024 – PEPE, WIF, and DOGEVERSE
High 3 Meme Coin Gems Price Shopping for Earlier than Could 2024 – PEPE, WIF, and DOGEVERSE

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Instagram Linkedin Pinterest Tiktok Twitter Youtube
The Cryptonomics™

Cryptonomics Magazine is your premier digital source for blockchain insights, offering cutting-edge research, news, interviews, and ICO updates for everyone from entrepreneurs to institutions. We drive blockchain knowledge and growth.

Subscribe to our newsletter

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Ethereum at 10 and what’s subsequent
July 31, 2025
Fed Holds Charges Regular Regardless of Trump Calls For Cuts
July 31, 2025
XRP Value To Climb 44% To $4.804 As Lengthy As This Degree Holds
July 31, 2025
Robinhood Q2 Crypto Income Doubles As Agency Doubles Down On Tokenization
July 31, 2025
exchange by price – non-final transactions
July 31, 2025
Copyright © The Cryptonomics™ , All right reserved
  • About Us
  • Advertising Solutions
  • Privacy
  • Terms
  • Advertise
Join Us!

Subscribe & Stay Ahead of the Curve with Cryptonomics !

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?