Schnoor Signatures<\/a> as it will make transactions smaller, while improving the scalability of the system using multi-signature scripts.<\/p>\n\n\n\n
Taproot further increases the scalability limit of the script, by not necessitating the user to reveal the entire script when in use.<\/p>\n\n\n\n
Meanwhile, privacy remains of utmost importance, as the update enables the ability to create all kinds of conditional situations where coins can be spent by other parties. It will also use the new witness version one to distinguish from older transactions.<\/p>\n\n\n\n
Although this is great news for Bitcoin, it isn't automatically implemented. The ball is now in the court of developers to make use of and build on top of the Taproot system.<\/p>\n","post_title":"The Biggest Upgrade To Bitcoin Since 2017: The Taproot Protocol","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-biggest-upgrade-to-bitcoin-since-2017-the-taproot-protocol","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:01","post_modified_gmt":"2023-04-30 11:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2268,"post_author":"1","post_date":"2021-11-13 18:10:50","post_date_gmt":"2021-11-13 07:10:50","post_content":"\n
Tether has announced that its stable coin, $USDT, is now available on the Avalanche network.<\/p>\n\n\n\n
Months after the initial plans to expand the USDT stable coin support to Avalanche blockchain, popular stable coin issuer Tether has launched its dollar-pegged cryptocurrency on the eco-friendly network.<\/p>\n\n\n\n
With the Avalanche launch, users can now transfer the largest stable coin by market cap at a lower cost, instantaneously. Tether\u2019s CTO, Paolo Ardoino adds:<\/p>\n\n\n\n
\u201cWe\u2019re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stable coin in the digital token space.\u201d<\/p>\n\n\n\n
The integration on Avalanche would contribute to the growth and sustainability of the network while fostering the usage of stable coins across the DeFi ecosystem.<\/p>\n\n\n\n
\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n
Why The Avalanche Network?<\/h2>\n\n\n\n
Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n
Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n
The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
