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Author Topic: Bitcoin: The Next Big Upgrade & Update Features  (Read 72 times)
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January 08, 2020, 05:56:29 AM
Last edit: January 08, 2020, 07:03:57 AM by JollyGood
Merited by The Pharmacist (3), OmegaStarScream (2), mprep (1)
 #1

Is there any news about when any upgrade might be happening and what it will entail?

What are the modifications that users would like to see in the next upgrade or update?


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January 08, 2020, 07:22:56 PM
Merited by figmentofmyass (1)
 #2

Bitcoin Magazine made good article about it, 2020 and Beyond: Bitcoin’s Potential Protocol Upgrades
But there aren't any ETA of when the upgrade/update will be deployed to Bitcoin mainnet, in fact most upgrade/update don't have ETA until the development process (including testing/find bugs) is 100% done or a consensus is archived.

There are few suggestion to lower defauly minimum transaction fee  (e.g. #14012, #13922 and #13990) which allowed to be broadcasted by a node, but i doubt it'll happen anytime soon.

Schnorr/Taproot/Tapscript probably is what user wanted since it lower transaction size, which means users will pay less fess and allow more transaction in a block.

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January 08, 2020, 07:31:48 PM
 #3

Is there any news about when any upgrade might be happening and what it will entail?

What are the modifications that users would like to see in the next upgrade or update?

taproot + schnorr signatures is probably the most highly anticipated upgrade. schnorr signatures will allow signature aggregation, which will make multi-sig transactions smaller (and cheaper) and will economically incentivize coinjoins.

unfortunately, the BIP is still in the draft stages. planning on mainnet activation in 2020 is probably overly optimistic, although possible.

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