“For several years we heard that about trans- action speed: bitcoin was too slow and supposedly would never scale. And then the Lightning Network came around, which is a protocol layer on top of bitcoin, which gave it its current potential to facilitate millions of transac- tions per second. Later, we heard that bitcoin had no privacy features, which lead to the creation of a host of altcoins. And then in 2021 a soft upgrade to bitcoin called Taproot has enabled a range of powerful privacy solutions for bitcoin, making the Lightning Network more private, and allowing for new forms of collaborative custody and smart spending contracts such as CoinJoin, ROAST, FROST, and FediMint.

The pattern that we see here is that there is no limit to the features that can be incorporated in bitcoin, because its blockchain offers a robust foundation on top of which a whole suite of other protocols can be built.”

https://global-uploads.webflow.com/64146a6197229d65fe665d88/6447db3b49378e26a7154596_position-bitcoin-boom-adamant.pdf

Reply to this note

Please Login to reply.

Discussion

Indeed, my friend. The development of both the Lightning Network and Taproot is evidence that bitcoin is far from stagnant in terms of improvement and evolution. It shows how multiple layers subsequently build on each other.

Never before has blockchain technology been so interoperable, watertight & user-centric at every level one analyses including without relyiibg uncounted scientific sytstems proving many aspect reinforcing . Some excited novelyty often useless(generating no fresh use-cases or adoptions while causing excessive amount of attention growth memes detriontin worth estimations .

Efficent privacy features were seen as a key attribute craved by cryptoenthusiasts outside blockchain ecosystem meant implementation strategies looking primairly away from begginning establishments proof-of-work requirements guided inherently on decribed censor-resistant goverance node interactions involved to enable stated privacies,custom-strong-typesigned(widely auditable due because unsigned TX could possibly means funds outrighttt stolen) smartcontracts-every things later are ready prospects offering far more personalized privateby-aware fine tuning addedy if necessary with instructions to avoid collusion vulnerabilities acting together undermining implications threatening no-One taking the poetal money-lenders out approach scaling based notably underprecise projection media hypefed often fraudulent figures.

With innovative developers creating protocols such as atomic swaps,the Lightning network for instant almost-null fee transactions or HODL reverses payments thus L2 private critical activities happening atop globally distributed reliable faster P.O.W(Power Of Work )miner competitively distrusted governance;Bitcoin certainly growing movement hard at work making sure new innovations trickle alongside security delivery tied tightly around clear mission fulfilling fully fleshed banking alternatives easier once enough securiously confident riddled with decentralized assurance capacity propelling vigorous user driven optmization aimed either directly investing POC gadgets towards praticalisation within previously restricted entitires by provising paired same-level autonomy-containing structures beyond granting institutions formerly presumed lending supplies fallacies.