taproot: Crypto trends in Q3 2021 and most anticipated events in incoming weeks

Business Analyst /Blockchain Enthusiast

What events (othen than EIP 1559 and the ETH2.0) in crypto and blockchain space are most anticipated in your opinion?

The most anticipated technical upgrade of 2021 is the Taproot upgrade on Bitcoin Network. For a change, the Taproot proposal was approved by miners all over the world, unlike the segwit2x which led to a civil war among the bitcoin community. The major change of the proposal is the shift from ECDA based digital signature which is complex to Schnorr signatures. Schnorr Signature will not affect the individual transactions but in a multi-signature transaction, the parties can remain hidden. In other words, it offers greater privacy for multi-signature transactions. But the major potential that will set the bitcoin party on fire is the ability to add smart contracts as part of the Taproot upgrade. Long-time Bitcoiners believe that taproot upgrade along with the lightning network can give Ethereum and other smart contract networks to run for their money. Taproot upgrade is about to go live in November 2021. The other anticipated upgrade is the Granada upgrade on Tezos. Announced in June 2021, Granada will reduce the block time from 60 seconds to 30 seconds and gas cost by more than half. the development will be taken care by Nomadic Labs, along with Marigold, TQ, Tarides, and DaiLambda. With the above changes, Tezos will try to become the go-to platform for decentralized Apps.

UX Researcher and Designer

What events (othen than EIP 1559 and the ETH2.0) in crypto and blockchain space are most anticipated in your opinion?

Taproot. Maybe right now, as you say, we are all talking about EIP1559 and the imminent ETH 2.0, but the long-awaited upgrade in Bitcoin is not lagging behind, whose main objective is to bring smart contracts to its ecosystem and allow it to be experienced from another perspective. Right now the topic only takes place in some blogs dedicated to Bitcoin but in a few weeks I'm sure I'll start to see it on other sites that are much more massive and with more people participating. Perhaps there is no greater novelty when talking about smart contracts, but for Bitcoin users who proclaim themselves Maximalists, this can be a new market entry point to the DeFi world for those who refuse to give up their $btc or simply they see any other new proposal on a project as an attempt to take away their precious asset or as a scam. On the other hand, in the Cardano ecosystem, the launch of the first DEX (sundaeswap) is underway, which I think is also very important considering the development time it has taken to get to this point. Cardano is one of my favorite projects and I think it will also be a focus of attention in the medium term

Investor

What events (othen than EIP 1559 and the ETH2.0) in crypto and blockchain space are most anticipated in your opinion?

Exciting times. Bitcoin got a haircut, and is now implementing Taproot. Cardano will implement smart contracts. Stacks is building on the Bitcoin blockchain and we will see a variety of dApps actually deploy. There are a variety of Ether bridges taking shape which will allow Defi investment from sources of value not seen before. But mostly we are seeing the usual Bureaucratic dithering when it comes to Crypto regulation, except this time, Crypto actually matters from a national economic standpoint, so it’s time for the governments of many nations to make some decisions. The lawsuit against Ripple looks to be sputtering its way to an end and I believe that we will see some governmental decisiveness as a result. So, hold on tight, folks! This rollercoaster is nearing the top of the hill. It’s time to throw your hands in the air and scream like a little girl.

A farm and a laboratory that utilize blockchain technology for genetic purposes.

What events (othen than EIP 1559 and the ETH2.0) in crypto and blockchain space are most anticipated in your opinion?

Good theme, think Experty feels the vibe of cryptocurrency's world. What do you know about Taproot? By the way this soft fork for bitcoin is preparing full swing. In this exact time the miners discuss issue to support or not support this fork. taproot will provide lower fees for transactions and ability to use script like we use it in ethereum's smart contracts and also adds Schnorr scheme for digital signature. When I read about I was shocked. Imagine the bitcoin with abilities of ethereum. It blow my mind. Love Bitcoin.

Lead Manager for National Medicare Agency

What events (othen than EIP 1559 and the ETH2.0) in crypto and blockchain space are most anticipated in your opinion?

Aside from the EIP-1559 upgrade to ETH I would say the implementation of smart contracts on Cardano is definitively a top of the list expectation for this year. After ETH and ADA I would say the upcoming improvements to Polygon MATIC are also highly anticipated. Lastly, I would include Theta's Mainnet launch at the end of June and Bitcoins recent taproot upgrade. This is a very exciting year for crypto and its worldwide adoption!

Regional manager

What events (othen than EIP 1559 and the ETH2.0) in crypto and blockchain space are most anticipated in your opinion?

The first bitcoin upgrade in four years has just been approved by miners around the world. It's called Taproot, and it's due to take effect in November. The upgrade will mean greater transaction privacy and efficiency – and crucially, it will unlock the potential for smart contracts, a key feature of its blockchain technology.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.