Join Date: Oct 2007
Location: West Yorkshire, United Kingdom
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Putting slick tire is the best option for this, changing the handlebar to a drop bar can be done, but once you have finished, it will probably end up costing more that you paid for the bike in the first place.
Would look for some low roll resistance tires, being as the Wahoo is a 29er (same diameter rim as 700c), you have plenty of choice, something like a Schwalbe 700x35c Dureme.