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Bitcoin gets first major upgrade in four years Updated: 2021-11-16 07:09:34 KST

Bitcoin on Monday underwent its first major upgrade in four years.
The upgrade, called 'Taproot,' is being seen as a major boost for the world's most popular cryptocurrency.
It means Bitcoin will have greater transaction privacy and efficiency, and it unlocks the potential for smart contracts, which can be used to eliminate transaction fees.
The rollout comes after months of delay, to give developers enough time for testing and reducing the likelihood of errors.
The price of Bitcoin dropped despite the news, falling more than 2-percent over the past 24 hours to 64-thousand U.S. dollars.
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