Morgan Creek Co-Founder: Bitcoin to Change Name to Taproot to Rebrand

Morgan Creek co-founder Jason A. Williams tweeted today; “This fall, Bitcoin will change its name to Taproot in an effort to rebrand.” This comes on the heels of news that Bitcoin has locked in the Taproot upgrade, which is expected to activate in November. Note: Taproot is a soft fork to enhance Bitcoin’s scripting capabilities, which can improve Bitcoin’s privacy and can have significant enhancements to many factors of complex transactions. Also, it can support transactions on the Bitcoin network for a variety of complex features, including time-locked issuance, multiple signature requirements, and more.