Open jjhesk opened 10 months ago
@jjhesk Taproot (P2TR) is already implemented on v3 package. Python-HDWallet v3.0.0 will be released to be available soon. Thanks.
@jjhesk Taproot (P2TR) is already implemented on v3 package. Python-HDWallet v3.0.0 will be released to be available soon. Thanks.
what's soon mean?
As for the title from this package, are there anyways to calculate the base58 secret key and the P2TR standard from the given
mnemonic
orpath
of the private key?A pay-to-taproot (P2TR), also known as a Taproot or Bech32m address, is the most recent and advanced bitcoin address format. Taproot introduces more advanced security, privacy, flexibility and scaling to bitcoin. Like SegWit, Taproot addresses are opt-in and not currently widely supported. Taproot adoption can be tracked here.
Benefits of Taproot include the ability to use Schnorr Signatures, offering better security, lower fees, and more flexible multi-key transactions. Multi-key addresses using P2TR look the same as single-key addresses giving users of multi-key increased privacy. Taproot also enables more advanced scripting, enabling more complex smart contracts to be built on bitcoin.
Taproot addresses start with bc1p with total length of 62 and are case insensitive. specification
Example: bc1p5d7rjq7g6rdk2yhzks9smlaqtedr4dekq08ge8ztwac72sfr9rusxg3297