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Tag: MAST

What is MAST and How Does it Improve Bitcoin?

Category: Cryptocyclopedia

What is MAST and How Does it Improve Bitcoin?

While bitcoin is the most popular and largest cryptocurrency by market capitalization, it has a relatively simple blockchain which is unable to support some of the features that have made some of its successors popular. Introducing MAST In an effort to increase speeds as well as reduce the fees associated with transactions, the Segregated Witness (SegWit) update was added to…

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How MAST and Taproot Could Help in Maintaining Privacy on the Blockchain

Category: Bitcoin, Blockchain, News, Tech

How MAST and Taproot Could Help in Maintaining Privacy on the Blockchain

Gregory Maxwell, one of the most widely known bitcoin developers, announced via a blog post that he is moving on to fulfill a new technological pet project of his called as Taproot. Taproot revolves around the idea of Merkelized Abstract Syntax Trees (MAST). Updating Privacy Standards on the Bitcoin Blockchain Taproot could enhance bitcoin’s smart contract abilities. Speaking to a…

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SegWit Lock-In: What Does it Mean for Bitcoin?

Category: Bitcoin, Blockchain, News

SegWit Lock-In: What Does it Mean for Bitcoin?

On August 9, the highly-anticipated Segregated Witness (SegWit) protocol upgrade to the Bitcoin blockchain was officially locked in on block 479,707. While there is still a two-week waiting period before SegWit will be fully activated, the lock-in means that all bitcoin mining operations have to implement this update now or else they will have to give up their bitcoin mining…

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