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Taproot combines individual Bitcoin hashed functions together and hashes them to create a single block entry. Effectively this is smart contracts for Bitcoin, which includes the ability to create NFTs or in Bitcoin terms ordinals. Let me explain in detail: Bitcoin contains many scripts (functions describing rules): The mostly commonly used one is the function of spending coins i.e. using the current owners private key to sign the coin with another public key, effectively transferring ownership.  It is the most basic function that exists within the Bitcoin scripts. Bitcoin, however, has many functions that are almost never used:  Pre taproot, any of these functions could be used, but only one could be chosen per transaction. Taproot allows multiple scripts to be… Read More »Bitcoin Taproot explained