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In this episode of “The Van Werdenum Sjorsnado,” presenters Aaron van Werdenum and Sjors Provoost discussed Speedy Trial, the proposed taproot activation mechanism that has been gaining traction in recent weeks.
They stated that the Speedy Trial would give the miners three months to signal support for the Taproot upgrade with their hash power. If a majority of miners signal support for the upgrade within those three months, Taproot will be activated a few months later: six months since the release of the software client that contains the activation logic. If miners do not signal support within three months, the upgrade will expire and a new upgrade path may be considered. (It is not yet defined what the potential alternative upgrade path would look like.)
Van Werdenum explained that Speedy Trial was the result of a compromise between developers and users who preferred different upgrade mechanisms for the Taproot soft fork, while Provoost detailed the technical considerations for the technical implementation of Speedy Trial, such as the advantages of using block heights consider instead of time stamps and the extended delay between signaling and enforcement. Finally, the hosts discussed some of the cons and risks of Speedy Trial.