Taproot, the much-anticipated Bitcoin protocol update, will go live when it reaches block #709,632, which is expected around November 16. By replacing ECDSA signatures with Schnorr signatures, it will improve privacy, scalability, security, and reduce fees. For a long time, the Bitcoin community has hoped for this upgrade. The discussions and development of the Bitcoin Improvement Proposals, BIP 340, 341, and 342, began in January 2020.