The Taproot update, which is considered Bitcoin's biggest update since the SegWit update in 2017, has received approval. The amount of data, security and privacy will increase. Bitcoin's (BTC) Taproot update has been approved with 90% acceptance. The update will offer new possibilities for the amount of data, privacy, security and scaling in the network. Taproot, the most important update to the Bitcoin protocol after years, now has sufficient mining support. If at least 90% of the blocks “pointed” their support for the upgrade, the activation process would begin. That is, of the 2,016 blocks mined over a period of time, 1,815 should contain a small piece of coded information indicating that the miner who mined that block favors the upgrade. In this second challenge period, block 687,284 met this criterion. By the time the challenge period ends on Sunday, it's quite possible that more than 99% of the blocks will definitively signal in favor of the update. Taproot is Bitcoin's most anticipated update since SegWit in 2017. While SegWit's main focus is on scaling the Bitcoin protocol, Taproot will equip the network with a new signature scheme known as Schnorr signatures. This minor tweak to the Bitcoin code will open up new possibilities for privacy, multi-signature wallets, and security and scaling. #NoiseCash