So, Taproots been activated. Supposed to improve privacy and add cool features, but honestly, I havent seen much change so far. Anyone using it regularly? Is it really making a difference or just geek stuff for now?
Feels like if it was a big deal, people would be talking more. What do you guys think?
Taproot gave holes of exploitations like Ordinals and Runes Protocol projects that are scam and made many people losing money. The hypes of Ordinals and Runes gone a long time ago and there are less people using Taproot with those tokens and inscriptions.
Taproot can help to save transaction fees but not always, it depends on inputs and outputs of your transactions.
Taproot transactions are not necessarily smaller than native segwit transactions. A taproot input is 10.5 vbytes smaller than a native segwit input, but a taproot output is 12 vbytes larger than a native segwit output. Therefore, a transaction consolidating many taproot inputs will be smaller than a native segwit equivalent, but standard 1-input-2-output taproot transaction will be larger than its native segwit equivalent.
Anyone are still using Taproot?
You can see there are people using it but it is like a half of peak time in 2023 and 2024.
https://transactionfee.info/charts/inputs-and-outputs-p2tr/