Bitcoin's Future technological directions

in #bitcoin7 years ago

MAST.jpg

Bitcoin's technical background is advancing rapidly, powerhouse of innovation, creativity and research.
Just a short list provided by Rusty Russell - programmer at Blockstream - what is coming.

"Blockstream is the leading provider of blockchain technologies, on the forefront of work in cryptography and distributed systems. From fraud to counterfeiting, from security to confidentiality, from accountability to transparency, our mission is to solve problems that undermine trust in today's financial systems."

  • MAST - stands for merkleized abstract syntax trees
  • Taproot
  • Key aggregation
  • Signature aggregation
  • Batch signature validation
  • Scriptless scripts
  • Simplicity
  • Covenants
  • Confidential transactions
  • Bulletproofs
  • Client-side validation
  • UTXO commitments
  • UTXO proofs
  • TXO commitments
  • Fraud proofs
  • TXO bitfields
  • Rolling UTXO set hashes
  • Transaction compression
  • Set reconciliation for transaction relay
  • Block template delta compression
  • Dandelion
  • Neutrino: Client-side block filtering (bip157/bip158)
  • NODE_NETWORK_LIMITED (bip159)
  • Peer encryption and peer authentication (bip150/bip151)

For details go to : http://diyhpl.us/wiki/transcripts/2018-01-24-rusty-russell-future-bitcoin-tech-directions/

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offcourse bitcoin will be the king and top as usual ....i think its just starting once the bitcoin will be adopted globally i wonder what will be the price....btw lightining network is also a positive vib for btc ...Thanks alot for ur info @jomeszaros

Thanks for your comment, appreciated!

This is going to be beneficial. Thanks a lot.

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