What Changes need for Crypto/Bitcoin Development for 2021?

[DanielBroonze]

Actually, we all know that change is part of life, but in terms of Crypto or Bitcoin Technology Development Which changes required for 2021?

[Fesatmas]

changes in state government regulations that still restrict users of bitcoin or cryptocurrency. along with banks that are still not open to crypto. it's still a tough job to do. Then the burdensome transfer fees also need to be dealt with from now on, to invite a large adoption that will become even more unbearable.

[pixie85]

Probably some more lightning network development. Bitcoin is great but it could be better if we could confirm more transactions at lower cost.

I'm always defending rising fees when people look at them in USD terms but while it's not something that is going to destroy bitcoin or stop people from investing it's a feature that needs some improvement.

We could also use more ways to pay taxes and bills using bitcoins but that's not up to bitcoin but rather to governments.

[KennyR]

Changes will happen depending upon the increase in the adoption rate as well as based on the increasing demand. As per my understanding the mining difficulty will increase and the network congestion will happen if there happens sudden drop in the price. Apart from this, when there is congestion automatically the fee will increase. This can be overcome by the updation in the network. The update will continue to happen based on the necessity, and right now much required thing is the pathway for micropayments.

[Sterbens]

Changes will happen depending upon the increase in the adoption rate as well as based on the increasing demand. As per my understanding the mining difficulty will increase and the network congestion will happen if there happens sudden drop in the price. Apart from this, when there is congestion automatically the fee will increase.

Moreover, the narrower mining network will greatly increase the cost of sending funds, making it unstable in the market. the miners will put more pressure on investors to increase the liquidity price of bitcoin. As a result, the problem becomes more and more difficult and will not end.

[verita1]

I agree that we need more fast dapps with low fees. Currently there are several networks backed with their native tokens that offer several interesting solutions.

I think it is very close to seeing developments thinking about bitcoin and improving what we have.
It could be an advance that we have a scalable and robust product, has high throughput, fast and also that it is user friendly and eco friendly.
After the important announcements of 2020 I believe that there will be convenient solutions for Bitcoin.

[dothebeats]

There’s nothing much I would like to add on bitcoin or cryptocurrency. Perhaps just finalize LN for more people to use it and see for themselves how easy to use it as a ‘back road’ for when the highway (main network) is clogged. I know that the Schnorr/Taproot thing is also in the works and discussion for quite some time now, and if it does improve privacy while increasing efficiency at the same time, I hope that gets implemented too. Other than that, it is those entities and services around bitcoin and crypto that needs to step it up IMO.