Taproot question: Will this transaction become smaller?
Here is a transaction with 350+ inputs:
Size: 53.87 kBVirtual size: 53.87 kvBWeight: 215.48 kWU
Here is a simple transaction with one input and two outputs:
Size: 226 B ( 0.226 kB)Virtual size: 226 vBWeight: 904 WU
The large transaction is 238 times larger!
Is my assumption correct that after taproot (which includes schnorr) the large transaction will look like the small one, effectively saving 99% of the the transaction size, which also means it will take much less time to create the transaction and much cheaper to have it confirmed (few cents instead of $100+)?
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from Bitcoin - The Currency of the Internet https://ift.tt/3uqUWaW
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