Taproot is a soft fork that improves Bitcoin’s scripts to increase privacy and improve upon other factors related to complex transactions. Transactions on the Bitcoin network can use various features that make them more complex, including timelock releases and multi-signature requirements.

Taproot makes it possible to hide the fact that a Bitcoin script ran at all. Other benefits are:

• Reduced amount of data to be transferred and stored on the blockchain.
• More transactions per block.
• Lower transaction fees.

To me, this will be super important because it keeps bitcoin true to crypto dream.