Introduction

Welcome to the On-Chain Analysis Dashboard, andashboard designed to give you in-depth insights into the performance and impact of the Taproot upgrade on the Bitcoin blockchain. Taproot has introduced a suite of new features, promising enhanced privacy, increased transaction speeds, and greater efficiency.

Our On-Chain Analysis Dashboard is built to explore, track, and analyze the utilization of these new features, and investigate how they are influencing transaction costs and block rewards.

This tool provides data, enabling you to explore how the Bitcoin network has evolved since the implementation of Taproot. By investigating and visualizing on-chain activity, we'll provide a deeper understanding of how this significant upgrade is changing transaction patterns, affecting fees, and influencing miner rewards.

The Taproot upgrade offers several benefits to Bitcoin users:

• Lower transaction fees
• Increased transaction speeds
• Reduced risk of transaction data exposure
• Implementation of Pay-to-Taproot (P2TR)
• Potential for Bitcoin to expand into Non-fungible tokens (NFTs) and - - Decentralized Finance (DeFi) markets due to its upgraded script