Taproot is the name for a set of updates that will soon be activated in Bitcoin via a soft-fork. Among other things and for a start, these updates will improve privacy and on-chain capacity by providing ways such that the available block space can be used more efficiently. Scripts can be more compact and reveal less information, and (with later additional updates) the inputs and outputs of transactions can be aggregated. That means, true and actual on-chain scaling (i.e., not by just increasing …