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
Strategy increased holdings by 3,015 Bitcoin last week, bringing the total holdings to 720,737 Bitcoin.
ChainCatcher reports that, according to market sources, the company has purchased 3,015 Bitcoins, with a total value of approximately $204.1 million, and an average purchase price of about $67,700 per Bitcoin. As of March 1, 2026, Strategy's total Bitcoin holdings have reached 720,737 coins, with a total investment of approximately $54.77 billion, and an average purchase cost of about $75,985 per Bitcoin.
GateNews12m ago
ProCap Financial adds 450 Bitcoin to the purchase holdings
BlockBeats News, March 2nd, according to The Wall Street Journal, crypto investor Anthony Pompliano's publicly traded Bitcoin treasury company ProCap Financial is actively repurchasing shares to reduce the discount relative to net asset value, while also acquiring 450 new Bitcoins.
GateNews42m ago
ChatGPT Predicts the Price of XRP and Bitcoin If a U.S.–Iran Ceasefire Is Announced
Over the weekend, crypto Twitter exploded with warnings of World War 3. Traders were told everything could crash in days; stocks, crypto, bonds, even the dollar.
The logic is that if conflict in the Middle East escalates and the Strait of Hormuz gets disrupted, oil
CaptainAltcoin47m ago
Brazil-listed BTC treasury company OranjeBTC's total holdings reach 3,723 coins, with a total investment of approximately $392.34 million.
ChainCatcher News, according to market reports, the BTC treasury company listed in Brazil now holds a total of 3,723 Bitcoins, with a total investment of approximately $392.34 million. The average purchase price is $105,382.13 per Bitcoin. The company has achieved a cumulative Bitcoin return of 2.54%, with a Bitcoin return of 0.15% in the first quarter of 2026.
GateNews58m ago
