The issue of privacy for Bitcoin transactions has always been one of the most felt. Considering that all transactions are entered in a ledger that can be consulted by all, we know that with a little patience we could trace all transactions starting from the first, even with the help of specific websites or software. With the Taproot update, live on November 14th, the situation will not change completely because the data will still be available on the public ledger, but some parts of the transactions can be hidden with very important effects for the overall privacy of the system. Bitcoin’s scalability has long been one of the main reasons for discussion around the protocol, even if only among its detractors.
One of the problems with Bitcoin’s scalability comes from its limited space for transactions. A problem that is not easy to solve, given that the decentralization of Bitcoin itself is linked to this. The more efficient use of the space dedicated to transactions with Taproot will allow better use of the blockspace and will also improve the scalability of the network itself. Another success of Bitcoin in improving and overcoming these problems, even if in our opinion it is improper to define them as problems.
