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very first bitcoin transaction
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However, challenges relating to costs and security remain, impeding wider adoption. If adopted by users, Taproot could, in the long run, result in the network developing its own DeFi ecosystem that rivals those on alternative blockchains like Ethereum. Bitcoin provides an alternative way to transact that's transparent and secure, redefining traditional finance. Although HODL ers will probably not notice a big impact, Taproot could become a key milestone to equipping the network with smart contract functionality.