Published on: 2021-03-15T14:06:45+00:00
Bitcoin developers have proposed a new activation mechanism called Speedy Trial for the Taproot upgrade. This proposal aims to quickly succeed or fail without compromising safety. Miners would signal readiness for Taproot, and if the 90% threshold is not reached within three months, the activation attempt fails. The proposed timeline includes the release of full nodes with activation code, signal tracking, lock-in, and activation.Some are concerned about the three-month window potentially leading to network splits. David Harding has proposed an activation timeline for Taproot, suggesting specific dates for release, signal tracking, lock-in, and activation. His proposal can be implemented using either BIP9 or BIP8. The timeline includes a delay between lock-in and activation, and signaling begins in April. False signaling is possible with any proposal, but it is not required in Speedy Trial.Russell O'Connor has proposed Speedy Trial as a way to ensure widespread adoption of Taproot without compromising safety. The proposal includes an extended lock-in period and does not require mandatory signaling. However, concerns exist about false signaling and unprepared miners losing money. Implementation details are still being discussed, and a patch against BIP8 may be developed if Speedy Trial gains traction.The Taproot activation discussion has been ongoing for several years, with previous proposals and discussions dating back to 2015 and 2016. The latest proposal aims to generate fast progress and provide data for future activation proposals. Developers are working on updates to Bitcoin Core's code to support the proposed activation parameters.Overall, the Speedy Trial proposal offers a way to activate Taproot quickly and safely, with options for implementation using existing code or a proposed patchset. The proposal addresses concerns about network splits and false signaling while allowing for advanced notice and preparation by users and organizations. The goal is to find a solution that achieves widespread adoption of new consensus rules while maintaining the integrity of the Bitcoin network.
Updated on: 2023-08-02T03:23:09.242355+00:00