The biggest BTC upgrade since 2017 is going live in three months

So the Bitcoin community has reached consensus regarding the details and rollout of the Taproot upgrade, which is quite a big deal. The upgrade will offer more functionality for smart contracts, improve the infrastructure for privacy (not privacy itself, for now), reduce the amount of data to be transferred and stored on the blockchain, enable the throughput of more transactions per block and lower transaction fees.

However, the upgrade itself is probably most significant because of the fact that it will be implemented at all and the community has reached consensus. This is the first time after the SegWit ordeal that consensus has been reached on a decision as significant as this and likely signifies that the implementation of upgrades in the future will be much easier and faster, as the developers are finding new ways of compromising on key decisions, such as the Coin Toss that was used to decide a debate on the Taproot activation timeline.

Miners have already signaled their intentions to adopt the upgrade, which means that it will likely go live in the next couple of months.