BTQ Technologies Deploys BIP-360 on Bitcoin Quantum Testnet

The quantum technology company said its Bitcoin Quantum testnet (v0.3.0) now includes a working implementation of BIP-360, which introduces the Pay-to-Merkle-Root output type.

Summary

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Terms & Concepts
  • BIP-360: A Bitcoin Improvement Proposal, or formal Bitcoin upgrade suggestion, that introduces a new transaction output design.
  • Pay-to-Merkle-Root: A proposed Bitcoin output type that uses a Merkle root (compact cryptographic data summary) to define spending conditions.
  • Bitcoin testnet: A separate Bitcoin-like network used for testing software and protocol changes without risking real funds.