It's official, Taproot has activated on Litecoin at block heigh 2,257,920! The two-week lock-in period has ended after locking in at height 2,249,856 and it's officially activated.. Taproot was first implemented on Bitcoin last year. You can read more about Taproot here.
Taproot is the first major Litecoin software upgrade since SegWit was implemented in 2017. Taproot enables additional features to the Litecoin protocol such as:
Increase network efficiency
Lower costs of complex transactions
Introduce new developer capabilities
Improve user privacy, and
Allow for less intrusive future upgrades
Litecoin is also upgrading to add MWEB, which will be the largest upgrade for Litecoin and will separate Litecoin from Bitcoin as it will add privacy features and fungibility, which is the last missing characteristics of great money. MWEB has also reached the activation threshold and will be locked in at the end of this signaling window at block 2,258,920.