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Tuesday, July 8, 2025

Smart Contract Functionality: A Boon For The Bitcoin Network - Cryptonews

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Since its inception, the Bitcoin blockchain has undergone several transformations, leading to some hard forks and soft forks. Recently, Bitcoin core developers implemented the Taproot technical upgrade to increase transaction privacy and efficiency while at the same time introducing smart contract functionality on the legacy blockchain.
Among the benefits this upgrade delivered, Taproot will ensure significantly reduced transaction fees, which will play a key role in supporting projects that are connecting Bitcoin to the broader DeFi and NFT ecosystems. At the same time, the Taproot upgrade also increases privacy and security, thereby benefiting the entire community of Bitcoin users.
Several promising projects are already leveraging these newly-added features to that extent, thereby accelerating the growth and adoption of DeFi and NFTs on...



Read Full Story: https://cryptonews.com/news/smart-contract-functionality-boon-for-bitcoin-net...

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