Taproot operation with Bitcoin-Cli performance Testnet
The Blockchain World’s Taproot is a key feature that allows you to perform more efficient and private operations. Here is a step-by-step guide on how to perform a Taproot operation using Bitcoin-Cli Testnet.
What is Taproot?
Taproot is a new Bitcoin Core protocol to increase the speed of operations and reduce the number of surgeries per unit. It does this by allowing the nodes to use a unique address format called Taproot addresses, which are more resistant to censorship and are more controlled.
Conditions necessary:
- Make sure you have installed Bitcoin-Cli on your local computer.
- Set the test knot on your computer (more about how to do it below).
- Meet the Bitcoin-Cli team interface.
Step by step guide:
Here’s a simple example of Testnet’s Testnet: Testcoin-Cli performance: Testnet:
- Create a new block : We need to create a new block before starting a Taproot operation.
`Bash
Bitcoin -Cli Createblock -Target = 0
`
This team creates a new block with a starting amount of 10,000 units (or 1 Satoshis), and the targeted time mark after one year.
2.
`Bash
Bitcoin -Cli tx
`
This team creates a new Taproot operation using Meseed as the sender of our newly created block and the block bag (with the 4F6A1D … replaced by your actual block data).
“-Pvate-Rake” = options are used to specify the private key of our Taproot operation.
- Sign Operation : Now that we have a new Taproot operation, let's sign it with our private key.
Bash
Bitcoin -Cli TX
`
This team signs an operation with our personal key and takes a signature.
Testnet example:
To make it easier to follow, let’s create a new TestNet knot and use it as “in Meseed” for example. Here are actions:
- Create a new testnet knot using Bitcoin-Cli:
`Bash
Bitcoin -Cli Createblock -Target = 0
`
Change
- Sign the Block bag using Meseds as our newly created block sender and block bag (with 4F6A1D … “Part has been changed by your actual block data):
`Bash
Bitcoin -Cli TX
`
This will derive a new Taproot operation.
Tips and options:
- Make sure that when creating a TestNet knot, replace “
” with your true seed phrase.
- To specify your personal key, you can also use the “-Privat Keys” option if you have it.
- Use Bitcoin -Cli TX
-Target = 0 –sign to sign the operation without specifying a private key.
- If you have a problem signing the operation, make sure your private key is in the correct format and that you have updated your node configuration to include a TestNet knot.
When performing these steps, you should be able to create a new Taproot operation using Bitcoin-Cli Testnet. Remember to update your node configuration to include a TestNet knot as we mentioned earlier. Happy coding!