On approximately on 2021-11-14 (UTC), or at a block height of 709,632 - the Bitcoin (BTC) soft fork upgrade, Taproot, will be implemented.
No action is required from our users, all BTC deposits & withdrawal services on Liquid will continue to function.
What is Taproot?
The Taproot upgrade will enhance Bitcoin’s capacity for scripting, bringing it alongside similar blockchains such as Ethereum that have existing programmable smart contracts.
This implementation will also include Schnorr signatures which, through data aggregation, will create smaller transaction sizes.
With this upgrade, end-users will be able to benefit from cheaper, faster, and more private transactions.