Cryptionary
Term

P2TR

A SegWit v1 output type introduced with Taproot that commits to a public key and optional script tree.

Type:
script
technology
Also known as:
Pay-to-Taproot
1
definition

P2TR (Pay-to-Taproot) is an output type that pays to a Schnorr public key, with the option to spend either via a key path (single signature) or a script path (revealing one branch of a Merkleized script tree).

2
benefit
  • Improves privacy by making simple and complex spends look alike until revealed
  • Enables more efficient multisig and complex policies
  • Slightly smaller signatures with Schnorr compared to ECDSA

All terms and definitions may update as the Cryptionary improves.