Bitcoin Taproot Adoption Declines Amid Quantum Computing Concerns

According to PANews, on-chain analyst Willy Woo has highlighted a significant decrease in the adoption of Taproot output types in Bitcoin transactions. Data from Glassnode indicates that the proportion of transactions using Taproot has dropped from a peak of 42% in 2024 to approximately 20% currently. Woo noted this as the first instance of the latest output format losing traction among users, suggesting that the primary reason could be Taproot's higher exposure risk to quantum computing. In contrast, older formats like SegWit and Legacy are perceived to be less vulnerable to quantum attacks. Last month, Willy Woo advised that Bitcoin should guard against the threat of quantum computing and recommended migrating to SegWit addresses as a precautionary measure.