It seems Taproot works on the Bitcoin blockchain. It might be similar to ETH’s smart contracts &/ or NFTs. I don’t know. Colour me cynical, but the explanation I read at Xverse seems to use the Java programmer’s trick of inventing new jargon for concepts that already exist. I had to learn about Bitcoin Ordinals to help me understand better what Taproot does.

Anyhow, I recently decided to empty my Metamask wallet of some Tether, and I was deeply irritated<SUP>[1]</SUP> by the process of transacting on the ETH blockchain. How does transacting in USDT on the Bitcoin blockchain work? Is it the same as USDT on the Ether ‘chain in that you have to pay fees in BTC?

Regardless, I hope PAXG starts to offer this. I would love to see a PAXG/BTC trading pair.

[1]: The source of this irritation being the concept of “gas”. I was sending USDT, but I had to pay the gas fees in ETH. I couldn’t grasp the idea that I couldn’t somehow say “send all my USDT by deducting ETH X for gas and send the balance”. I had to first swap some USDT for ETH to use as gas. My brain rejected this crap as unreasonable and inefficient. So I got on a metamask support chat to someone and proceeded to wind up this poor person with my refusal to accept that this was the norm. The support guy also annoyed me by saying that on the Bitcoin blockchain there are also “gas fees”. Strictly speaking there are not.