![]() "Our strong foundation of decentralized technology will allow us to fulfill our vision of a boundary-free internet while being at the forefront of a new content experience." "Imagine chatting with your favorite athlete, becoming immersed in a music festival, or meeting new friends to share your passions - all by simply firing up the BitTorrent Live app," said Justin Sun, CEO of BitTorrent. The service will allow for continuous live streaming anywhere users can get internet access. You can learn more about the Bitcoin Lightning Network here.Īs updates continue to occur with Taproot and Bitcoin, we will continue to provide secure and transparent information for you to use your Ledger devices seamlessly.SAN FRANCISCO, Ma/PRNewswire/ - BitTorrent, a leader in peer-to-peer technology, today began offering early access to its new BitTorrent Live streaming service, which lets consumers create live content and connect on mobile devices to people who share common interests.īitTorrent Live will provide a social media platform for people to express their creativity and connect with others around the world through live video. On a final note, Taproot also helps Bitcoin scale because signature aggregation reduces the cost of creating and executing complex Bitcoin transactions such as creating Lightning Network channels. As Taproot slowly becomes the new standard for transacting on Bitcoin, so will privacy improve for all Bitcoin users. ![]() Multisig transactions are typically used to secure large amounts of Bitcoin so their users would rather not have their transactions easily flagged on the blockchain.īy aggregating any number of signatures into a single signature, Taproot can create transactions that all look identical on the Bitcoin blockchain, regardless of how many signatures were involved. Without Taproot, it’s very easy for a malicious actor to observe the Bitcoin blockchain and tell a transaction involving multiple signatures (also known as a multisig transaction) from a transaction involving only one signature. Regarding privacy, Taproot harmonizes the on-chain footprint of Bitcoin transactions. While this won’t translate into a dramatic reduction in transaction cost, Taproot users might notice a slight improvement in overall transaction speed and a very mild reduction in fees. Transactions that leverage Schnorr signatures take up less space inside Bitcoin blocks and are easier to verify. Taproot introduces an improved cryptographic scheme called Schnorr signatures. Taproot accounts can create more efficient and private Bitcoin transactions.
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