Bitcoin BIP-360 soft fork targets Taproot quantum risk as P2TR falls from 54% to 22%

Bitcoin core developers have proposed BIP-360, a soft fork to mitigate long-tail quantum risk for Taproot (P2TR) addresses. According to Glassnode, P2TR's share slipped from nearly 54% in early 2024 to 22% by early 2026, while BIP-360 introduces Pay-to-Merkle-Root (P2MR) as a privacy-preserving path.