{"id":6814,"date":"2021-11-25T13:33:49","date_gmt":"2021-11-25T06:33:49","guid":{"rendered":"https:\/\/news.bitcoinvn.io\/?p=6814&#038;lang=en"},"modified":"2025-09-03T12:41:13","modified_gmt":"2025-09-03T05:41:13","slug":"vbtc-adding-support-for-taproot-withdrawls","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/news\/vbtc-adding-support-for-taproot-withdrawls\/","title":{"rendered":"VBTC adding support for Taproot withdrawals"},"content":{"rendered":"<p><strong>Just a few days <a href=\"https:\/\/bitcoinmagazine.com\/technical\/why-bitcoin-taproot-activation-is-exciting\">after activation of the Taproot upgrade on the Bitcoin Network<\/a>, Vietnam\u2019s premier Bitcoin Exchange <a href=\"https:\/\/vbtc.exchange\">VBTC<\/a> followed up by allowing it\u2019s users to withdraw to Taproot (<a href=\"https:\/\/en.bitcoin.it\/wiki\/Bech32_adoption\">P2TR\/Bech32m<\/a>) addresses.<\/strong><\/p>\n<figure id=\"attachment_6790\" aria-describedby=\"caption-attachment-6790\" style=\"width: 695px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6790\" src=\"https:\/\/news.bitcoinvn.io\/wp-content\/uploads\/2021\/11\/ho-tro-rut-tien-tu-taproot.jpg\" alt=\"[Ch\u00fa th\u00edch: H\u00f4m 17.11, th\u00f4ng b\u00e1o c\u1ee7a VBTC cho bi\u1ebft: t\u00ednh n\u0103ng thanh to\u00e1n t\u1edbi c\u00e1c \u0111\u1ecba ch\u1ec9 Bech32m hi\u1ec7n \u0111\u00e3 \u0111\u01b0\u1ee3c k\u00edch ho\u1ea1t]\" width=\"695\" height=\"815\" srcset=\"https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2021\/11\/ho-tro-rut-tien-tu-taproot.jpg 695w, https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2021\/11\/ho-tro-rut-tien-tu-taproot-256x300.jpg 256w, https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2021\/11\/ho-tro-rut-tien-tu-taproot-358x420.jpg 358w\" sizes=\"auto, (max-width: 695px) 100vw, 695px\" \/><figcaption id=\"caption-attachment-6790\" class=\"wp-caption-text\"><em><i><span style=\"font-weight: 400\"><\/p>\n<p>[caption: <\/span><\/i><a href=\"https:\/\/www.twitter.com\/VBTC_Vietnam\"><i><span style=\"font-weight: 400\">VBTC<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> announced earlier this week that payments to Bech32m addresses are now enabled]<\/span><\/i><\/em><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">While currently not of much consequence just yet for users in terms of added functionality, allowing VBTC users to withdraw straight onto Taproot addresses helps the <span style=\"color: #000000\"><a style=\"color: #000000\" href=\"https:\/\/news.bitcoinvn.io\/category\/bitcoin\/?lang=en\">Bitcoin<\/a><\/span> ecosystem in its transition to the new address format which will help to <\/span><a href=\"https:\/\/bitcoinmagazine.com\/technical\/understanding-taproot-in-a-simple-way\"><span style=\"font-weight: 400\">elevate the value propositions of Bitcoin especially in terms of privacy and scriptability<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Among other things, the adoption of the Taproot will allow for a much more elegant, blockspace-saving and private usage of Multisig addresses, which are &#8211; as <\/span><a href=\"https:\/\/twitter.com\/hugohanoi\/status\/1460681217003515904\"><span style=\"font-weight: 400\">Hugo Nguyen<\/span><\/a><span style=\"font-weight: 400\"> pointed out &#8211; an essential tool to make localism work in the approaching post-fiat world.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6791\" src=\"https:\/\/news.bitcoinvn.io\/wp-content\/uploads\/2021\/11\/hugo-nguyen.jpg\" alt=\"Chia s\u1ebb c\u1ee7a Anh Hugo Nguyen v\u1ec1 \u01b0u \u0111i\u1ec3m c\u1ee7a ch\u00ednh s\u00e1ch Taproot\" width=\"756\" height=\"412\" srcset=\"https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2021\/11\/hugo-nguyen.jpg 756w, https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2021\/11\/hugo-nguyen-300x163.jpg 300w, https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2021\/11\/hugo-nguyen-696x379.jpg 696w\" sizes=\"auto, (max-width: 756px) 100vw, 756px\" \/><\/p>\n<p><span style=\"font-weight: 400\">While it will take time for all these tools to be built out and adopted, the Bitcoin protocol is ready by now to support the development of such infrastructure and the true importance of this upgrade will only become felt and visible many years down the road as these new ways of interacting with Bitcoin take shape.<\/span><\/p>\n<figure id=\"attachment_6792\" aria-describedby=\"caption-attachment-6792\" style=\"width: 682px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6792\" src=\"https:\/\/news.bitcoinvn.io\/wp-content\/uploads\/2021\/11\/taproot-giup-tiet-kiem-khong-gian-khoi.jpg\" alt=\"[Ch\u00fa th\u00edch: Ti\u1ebft ki\u1ec7m\u00a0kh\u00f4ng gian kh\u1ed1i (Blockspace)\u00a0ch\u1ec9 l\u00e0 m\u1ed9t trong nh\u1eefng l\u1ee3i \u00edch c\u1ee7a b\u1ea3n n\u00e2ng c\u1ea5p Taproot g\u1ea7n \u0111\u00e2y - B\u1ea3n th\u00f4ng tin \u0111\u1ed3 h\u1ecda \u0111\u01b0\u1ee3c cung c\u1ea5p b\u1edfi\u00a0Murch]\" width=\"682\" height=\"368\" srcset=\"https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2021\/11\/taproot-giup-tiet-kiem-khong-gian-khoi.jpg 682w, https:\/\/bitcoinvn.io\/news\/wp-content\/uploads\/2021\/11\/taproot-giup-tiet-kiem-khong-gian-khoi-300x162.jpg 300w\" sizes=\"auto, (max-width: 682px) 100vw, 682px\" \/><figcaption id=\"caption-attachment-6792\" class=\"wp-caption-text\"><em><i><span style=\"font-weight: 400\"><\/p>\n<p>[caption: Blockspace savings are just one of the benefits of the recent Taproot upgrade &#8211; Infographic produced by <\/span><\/i><a href=\"https:\/\/twitter.com\/murchandamus\/status\/1262062602298916865\/photo\/1\"><i><span style=\"font-weight: 400\">Murch<\/span><\/i><\/a><i><span style=\"font-weight: 400\">]<\/span><\/i><\/em><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">VBTC was previously <\/span><a href=\"https:\/\/www.coindesk.com\/tech\/2021\/01\/25\/vietnams-oldest-bitcoin-exchange-adds-support-for-lightning-network\/\"><span style=\"font-weight: 400\">Asia\u2019s first Bitcoin Exchange to integrate withdrawals via the Lightning Network<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/www.coindesk.com\/markets\/2014\/07\/16\/first-live-bitcoin-exchange-opens-in-vietnam\/\"><span style=\"font-weight: 400\">has been operating in Vietnam as an on-\/offramp from\/to the local currency VND into Bitcoin steadily since 2014<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you are interested in more news from VBTC &#8211;\u00a0 you can also follow them on <\/span><a href=\"https:\/\/www.twitter.com\/VBTC_Vietnam\"><span style=\"font-weight: 400\">Twitter<\/span><\/a><span style=\"font-weight: 400\"> and <\/span><a href=\"https:\/\/t.me\/vbtc_official\"><span style=\"font-weight: 400\">Telegram<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just a few days after activation of the Taproot upgrade on the Bitcoin Network, Vietnam\u2019s premier Bitcoin Exchange VBTC followed up by allowing it\u2019s users to withdraw to Taproot (P2TR\/Bech32m) addresses. While currently not of much consequence just yet for users in terms of added functionality, allowing VBTC users to withdraw straight onto Taproot addresses [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":6793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,10549,9187,1],"tags":[54,9188,9189],"class_list":["post-6814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoinvn-business","category-featured-sub-panel","category-news","category-uncategorized","tag-bitcoin-2","tag-taproot-en","tag-vbtc-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>VBTC adding support for Taproot withdrawals - BitcoinVN News<\/title>\n<meta name=\"description\" content=\"...Vietnam\u2019s premier Bitcoin Exchange VBTC followed up by allowing it\u2019s users to 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