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Add taproot activation parameters
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achow101 committed Mar 25, 2021
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Expand Up @@ -294,7 +294,15 @@ Examples of preimage for sighashing for each of the sighash modes.

== Deployment ==

TODO
This BIP is deployed concurrently with BIP 340 and BIP 342. There may be multiple deployment attempts of these BIPs.

The first deployment will use BIP 8 with the name "taproot", using bit 2, and a lockinontimeout of false.

For Bitcoin mainnet, the BIP 8 startheight will be 681408 (approximately May 1st 2021), the timeoutheight will be 695520 (approximately August 6th 2021), the minimum_activation_height will be 709632 (approximately November 12th 2021), and the activation threshold will be 1815 out of 2016 blocks (90%).

For Bitcoin testnet, TBD.

For Bitcoin signet, this BIP is always active.

== Backwards compatibility ==
As a soft fork, older software will continue to operate without modification.
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