Bitcoin developers announce two bitcoin improvement proposals designed to prepare for Bitcoin upgrades

Blockchain developer Pieter Wuille announced two Bitcoin Improvement Proposals (BIPs) to provide a new plan for Bitcoin's next major upgrade or "soft fork." The two proposals posted on the Bitcoin Developer Email List describe the code change scheme Taproot designed to increase bitcoin privacy. Taproot is expected to be bundled into the soft fork of the Schnorr upgrade, and developers have been researching it for quite some time, paving the way for Bitcoin's privacy and scalability improvements. It's worth noting that some people think this will be less controversial than a soft fork that activates SegWit on Bitcoin.