Benefits of implementing Taproot

Taproot allows us to improve your overall experience, security, and efficiency in the following ways:

Enhanced Privacy: Taproot makes single-signature (singlesig) and multi-signature (multisig) transactions indistinguishable on the bitcoin blockchain. This is a significant privacy improvement because it masks the complexity of a transaction, making it harder for observers to deduce the nature and conditions of the transaction. For you, this means that your multisig transactions won't stand out, offering you enhanced anonymity.

Increased Efficiency: By utilizing Schnorr signatures, Taproot allows for the aggregation of multiple signatures into a single one in multisig transactions. This reduces the transaction size, leading to lower transaction fees and faster processing times. This means you can enjoy more cost-effective and efficient transactions, which is especially beneficial in high network fees environments.

Improved Flexibility and Scalability: Taproot introduces Merkleized Abstract Syntax Trees (MAST), which allows for the creation of more complex conditions for spending bitcoin without exposing the entire set of possible conditions. This means users can engage in more sophisticated financial agreements while maintaining privacy and efficiency.

Enhanced Security: The switch to Schnorr signatures not only improves privacy and efficiency but also contributes to better security. Schnorr signatures offer provable security with fewer assumptions, a reduction in the risks of certain attack vectors, and improved protection against quantum computing threats over the long term.

Implementing Taproot, allows Keeper to leverage these improvements to offer you a more private, efficient, and flexible platform for managing your Bitcoin transactions and wallets.