Cardiff, UK, May 26th, 2024 - On May 20, 2024, the Bitcoin Layer2 development team BEVM introduced the technical yellow paper titled “Taproot Consensus: A Decentralized BTC Layer2 Solution.” This paper outlines the implementation of Taproot Consensus, utilizing Bitcoin technologies like Schnorr signatures, MAST, and Bitcoin SPV nodes to create a fully decentralized BTC Layer2 solution. Taproot Consensus marks a significant advancement in native Bitcoin scalability by creatively combining existing Bitcoin technologies without altering the core code. The yellow paper delves into the history of Bitcoin's technical iterations, the Taproot Consensus solution overview, and a detailed explanation of its architecture. By integrating Schnorr signatures, MAST, Bitcoin SPV nodes, and Aura+Grandpa Byzantine fault-tolerant consensus mechanisms, Taproot Consensus offers a highly secure and consistent decentralized Layer2 scalability solution, enhancing Bitcoin's network scalability and usability. Read more AI-generated news on: https://app.chaingpt.org/news