Any new development in bitcoin since it existence?

[Y3shot]

Since the invention of bitcoin apart from the price has anything changed. Has their been new development since then concerning bitcoin?
The local currency we all make use of in our different region it is very sure over the years new developments occurred like the redesigning of notes, transformation of coins to notes. I would want to know about the development of bitcoin.

[jackg]

There's been a lot! Do much the original releases of the bitcoin client can't connect or interact with the network anymore. Versions below bitcoin core 8.8 are also the same.

For major improvements, there's been taproot, segwit and multisig (in reverse chronological order - multisig was first). There's also been things like paying to addresses (to make bitcoin identifiers shorter and quantum proof).

[Z-tight]

BTC isn't a physical currency, so there cannot be upgrades like its redesigning or change of its form, because being a virtual currency it doesn't really have one, but there have been upgrades and developments to the BTC network through the BTC improvement proposals.

BTC is different from centralized currencies that have a regulatory body who makes decisions on things like development or upgrades, BTC is decentralized and there is no leader or institution in charge of it, upgrades and developments have to be achieved by the community, through consensus, and because of that upgrades can be much slower than in centralized situations or organisations. Some upgrades to the BTC network are:

1)Lightning network
2)Taptoot Upgrade
3)SegWit upgrade

[franky1]

to avoid too much technical jargon..

bitcoin 2009 was a simple payment system

from A to B
where the keys to sign permission of A were just lengthy numbers(private key)
and where the "addresses"(public key) of A and B were basic lengths of what looked like random characters not east to vocally speak out loud or right down

since then: new features have evolved

use of QR codes made it easy to read/copy addresses without had writing.typing it out manually

things like deriving the private key in multiple ways. such as word phrase libraries. making it easier to write down the key by just writing down 12 words..
also those keys can have a nonce(number/salt) added where by 12 words creates a master key which then allows 1000 keypairs generated from that one master key
meaning you can control 1000 addresses from one key

also
where addresses can be a combined address of multiple keys allowing multiple owners to co-sign for funds (multisig)

just those things alone allow for people to set up "family trusts" "escrows" "joint accounts" "off shore banking" (sorry for abusing fiat banking terms, but its for easy description not for categorisation specifically/technically)

where funds can be, not only linked via one persons signature.. but also if using multisig can be were X chosen people can co-operate and combine their keys to produce a combined address, and all have ability to co-sign funds. and where it does not need lawyers/bank managers to set up these processes, people can be their own bank

people can have 1000's of addresses each managed by one master key to send/receive funds or can have a dozen people involved in managing one address
......

other evolutions are
when it was CPU mining the costs of a block were pennies
this evolved to GPU mining meaning the difficulty competition of mining increased meaning the cost increased,
then pooling(syndicate) the work load to increase the competition thus the cost to solve
this helped raise the base value to which the market price discrovery premeum above value then pushed the market price up for those that didnt want to work for coin but just wanted to buy it
then asics came along and evolved in the competition cost thus further helped push up the base value which pushed up minimal levels of market prices
(along with the block reward halvings)

other features evolved such as locking value up for lengths of time
this allowed people to secure funds from for instance their teenage kids getting inheritance early.. or whereby using that locked value. it can be used to then produce sub networks that use that reference to create sub tokens that can be used elsewhere on other networks

politically bitcoin change in its definition legally
2009-2014 it was digital property
2014-2016 it was digital currency
2017-2021 it was digital asset
2022-20++ it was digital commodity
which changed things from not being regulated to being regulated at the businesses/services edges, to now political regulators trying to decide where their jurisdictions cross over and begin or end

bitcoin 2011 changed from a payment system of just half a dozen businesses
alpaca socks, bitcoin cupcakes, 1 exchange. faucets
bitcoin 2023 has MILLIONS of businesses and services using it/involved in it

there is alot more that has happened but thats just some highlights

[alan2here]

to avoid too much technical jargon..

bitcoin 2009 was a simple payment system

from A to B
where the keys to sign permission of A were just lengthy numbers(private key)
and where the "addresses"(public key) of A and B were basic lengths of what looked like random characters not east to vocally speak out loud or right down

since then: new features have evolved

use of QR codes made it easy to read/copy addresses without had writing.typing it out manually

things like deriving the private key in multiple ways. such as word phrase libraries. making it easier to write down the key by just writing down 12 words..
also those keys can have a nonce(number/salt) added where by 12 words creates a master key which then allows 1000 keypairs generated from that one master key
meaning you can control 1000 addresses from one key

also
where addresses can be a combined address of multiple keys allowing multiple owners to co-sign for funds (multisig)

just those things alone allow for people to set up "family trusts" "escrows" "joint accounts" "off shore banking" (sorry for abusing fiat banking terms, but its for easy description not for categorisation specifically/technically)

where funds can be, not only linked via one persons signature.. but also if using multisig can be were X chosen people can co-operate and combine their keys to produce a combined address, and all have ability to co-sign funds. and where it does not need lawyers/bank managers to set up these processes, people can be their own bank

people can have 1000's of addresses each managed by one master key to send/receive funds or can have a dozen people involved in managing one address
......

other evolutions are
when it was CPU mining the costs of a block were pennies
this evolved to GPU mining meaning the difficulty competition of mining increased meaning the cost increased,
then pooling(syndicate) the work load to increase the competition thus the cost to solve
this helped raise the base value to which the market price discrovery premeum above value then pushed the market price up for those that didnt want to work for coin but just wanted to buy it
then asics came along and evolved in the competition cost thus further helped push up the base value which pushed up minimal levels of market prices
(along with the block reward halvings)

other features evolved such as locking value up for lengths of time
this allowed people to secure funds from for instance their teenage kids getting inheritance early.. or whereby using that locked value. it can be used to then produce sub networks that use that reference to create sub tokens that can be used elsewhere on other networks

politically bitcoin change in its definition legally
2009-2014 it was digital property
2014-2016 it was digital currency
2017-2021 it was digital asset
2022-20++ it was digital commodity
which changed things from not being regulated to being regulated at the businesses/services edges, to now political regulators trying to decide where their jurisdictions cross over and begin or end

bitcoin 2011 changed from a payment system of just half a dozen businesses
alpaca socks, bitcoin cupcakes, 1 exchange. faucets
bitcoin 2023 has MILLIONS of businesses and services using it/involved in it

there is alot more that has happened but thats just some highlights

Whoa, what a ride it's been for Bitcoin since its launch in 2009! It all started as a simple payment system that was just A to B transactions. The private keys were just lengthy numbers and the public addresses were random characters that were tough to read or write down. But over time, new features have evolved that have made it so much more than just a payment system.

For starters, the use of QR codes made it easy to read and copy addresses without manually typing them out. And the way private keys are generated has also become easier, with word phrase libraries and the ability to derive the private key from just 12 words. And with multisig, multiple people can co-sign for funds, allowing for things like family trusts, escrows, joint accounts, and even their own form of off-shore banking.

Another big change has been the evolution of mining. It started with CPU mining, which was cheap, then GPU mining made it more competitive and costly, and then pooling and ASICs further increased the competition and cost. These changes helped to raise the base value and push up market prices.

Bitcoin has also evolved politically, starting out as just digital property, then becoming a digital currency, then a digital asset, and now a digital commodity. This has resulted in regulations changing from being at the business and service level to political regulators trying to figure out where their jurisdiction starts and ends.

Finally, the adoption of Bitcoin has skyrocketed since its early days. In 2011, it was just a handful of businesses using it, but now in 2023, millions of businesses and services are involved. It's amazing to see how much has changed in just a few short years.

[mendace]

Since the invention of bitcoin apart from the price has anything changed. Has their been new development since then concerning bitcoin?
The local currency we all make use of in our different region it is very sure over the years new developments occurred like the redesigning of notes, transformation of coins to notes. I would want to know about the development of bitcoin.

Yes, there have been many developments since the invention of Bitcoin.

In terms of technology, the original Bitcoin software has undergone numerous upgrades and improvements, including the addition of SegWit (Segregated Witness) and the Lightning Network, which help to increase transaction speed and reduce fees. Additionally, the development of smart contract functionality through the Ethereum network has opened up new possibilities for decentralized applications.
There have also been developments in the regulatory environment, as governments and financial institutions around the world have started to take notice of cryptocurrencies. Some countries have implemented restrictive regulations, while others have embraced them and are actively promoting their development.

In terms of infrastructure, the growth of the cryptocurrency industry has led to the development of a variety of services and products, such as exchanges, wallets, payment processors, and stablecoins. This has made it easier for individuals and businesses to buy, sell, and use cryptocurrencies.
Finally, there has been a growing recognition of the potential of cryptocurrencies to disrupt traditional financial systems and to provide new opportunities for financial inclusion. This has driven innovation in the industry and has attracted investment from a wide range of individuals and organizations.

[Yatsan]

Above all the mentioned developments, Bitcoin and this technology in general is being more acknowledged by more countries and people ofcourse, which I think is this industry's biggest progress over years. If we would go with the details such as with what other users have cited, ofcourse there will be multiple changes. Bitcoin I believe was originally for payment services or for a more convenient transaction. However, it is being more used at the present as well as with recent years as a profitable asset which I cannot determine whether it is also part of its development or not. All I know is that more people are now using it as an alternative mode of payment and investment at the same time.

[Leviathan.007]

Since the invention of bitcoin apart from the price has anything changed. Has their been new development since then concerning bitcoin?
The local currency we all make use of in our different region it is very sure over the years new developments occurred like the redesigning of notes, transformation of coins to notes. I would want to know about the development of bitcoin.

Yes, obviously there are many people working on the Bitcoin project since it started, and the development of bitcoin to make it better never stops. Actually, since bitcoin is an open-source project which is available for anyone on GitHub to check the codes create merge requests, and fork the project there are many developers who are mostly anonymous and working on the project otherwise and the development of bitcoin was going to stop years ago there could be less interest on the whole project from people.

[serjent05]

Bitcoin had undergone several upgrades and development.  The most noticeable is the wallet address. It used to start with 1 then 3 and now bc1.  From that, you can easily identify that Bitcoin has ongoing technical development for the betterment of its network.  You can also  try to check the latest development at this link: https://bitcoin.org/en/development#spec

Economic-wise Bitcoin had been greatly adopted, Bitcoin has been accepted as a mode of payment and legal tender by some countries.

[Rruchi man]

Since the invention of bitcoin apart from the price has anything changed. Has their been new development since then concerning bitcoin?
The local currency we all make use of in our different region it is very sure over the years new developments occurred like the redesigning of notes,

Speaking in terms of redesigning, since bitcoins is digital and unlike fiat, the only aspect that can be redesigned is the identity, that is to say it's logo. Over the years the logo and icon for bitcoin has been undergone changes (redesigned), it is what comes closest to the development similar to the redesigning of fiat notes. 

See some discussions on the change and development of bitcoin logo to what it is today.
https://web.archive.org/web/20130524055823/https://bitcointalk.org/index.php?topic=64.0
https://bitcointalk.org/index.php?topic=5417276.0

[Dunamisx]

Since the invention of bitcoin apart from the price has anything changed. Has their been new development since then concerning bitcoin?

Have you heard about the bitcoin improvement proposals (BIPs) if this is the same channel to what you're referring to ask, you can try check on GitHub to learn about them, but know that this are improvements and not errors or lapses, bitcoin has never changed from being what it has always meant to serve since it's creation

The local currency we all make use of in our different region it is very sure over the years new developments occurred like the redesigning of notes, transformation of coins to notes. I would want to know about the development of bitcoin.

There have always been changes to the fiat currency over it's usage and acceptabilities within interval of years, they may try to change the value, colour, rate, designs and the acceptability including it expiration, which bitcoin does not follow all these as trends.

[AverageGlabella]

Are you asking if there is active development? Because btc is constantly under development. If you want to hear about it you should join the mailing lists or check out the development & technical discussion board because people will often discuss the changes or propose changes. but not a lot has happened that affects us. segwit and lightening were big events that happened and they have probably been the biggest changes in the last few years. 

[thecodebear]

Bitcoin is obviously a very active open source project. So yes, as other have said, it is being worked on all the time and has gone through several major upgrades over the past decade since it became a more mature project and more stable.

It's not like Ethereum or altcoins where a company is in charge and can make any changes they want and they constantly hard fork it for upgrades and everyone just has to go along with it. Bitcoin is decentralized so it is a slower and safer process because it is so much more important to do everything right and with community consensus because Bitcoin is so much larger and more important than any other cryptocurrency. Bitcoin is the one cryptocurrency that can't be replaced if its development were somehow screwed up. So its only every few years there is a major upgrade to the protocol to expand its abilities, while in between there are always smaller updates to wallet software and stuff to make it a bit friendlier/easier to use.

[NotATether]

There have been some changes that try to make the bitcoin network process transactions faster and also to harden it from threats.

Most of the changes that have been made are restricted to full nodes and wallets, neither of which are things that you have to worry about.

Some more efficient address formats have been introduced as well. The old ones of course still work.

[franky1]

There have been some changes that try to make the bitcoin network process transactions faster and also to harden it from threats.

Most of the changes that have been made are restricted to full nodes and wallets, neither of which are things that you have to worry about.

Some more efficient address formats have been introduced as well. The old ones of course still work.

there have also been some changes that soften it to threats aswell allowing new tx formats in without majority consensus of nodes ready to fully validate(as node readyness to fully validate WAS the old way of new format/feature activations which has now been softened to no longer require node majority readyness).
 
nodes now have the "neither of which are things you have to worry about"
because they have softened the role of nodes.. just so that devs and dev idolisers can blame miners.
yet the softness is the blame of devs.. as is any bug they introduce..  as it is all code changes. because devs write the code. not asics

[NotATether]

There have been some changes that try to make the bitcoin network process transactions faster and also to harden it from threats.

Most of the changes that have been made are restricted to full nodes and wallets, neither of which are things that you have to worry about.

Some more efficient address formats have been introduced as well. The old ones of course still work.

there have also been some changes that soften it to threats aswell allowing new tx formats in without majority consensus of nodes ready to fully validate(as node readyness to fully validate WAS the old way of new format/feature activations which has now been softened to no longer require node majority readyness).
 
nodes now have the "neither of which are things you have to worry about"
because they have softened the role of nodes.. just so that devs and dev idolisers can blame miners.
yet the softness is the blame of devs.. as is any bug they introduce..  as it is all code changes. because devs write the code. not asics

I get that Bitcoin Core has the largest market share of full nodes (in a way similar to Google for online search) but it is still ridiculously difficult to exploit the bitcoin network to make whatever transaction you'd like, if only because the cost to mine blocks yourself is far too high.

That and the stability of the P2P networking code is all that really matters as far as the bitcoin network is concerned. Everything else is just a vulnernability or bug affecting specific Bitcoin Core nodes.

[Wind_FURY]

There have been some changes that try to make the bitcoin network process transactions faster and also to harden it from threats.

Most of the changes that have been made are restricted to full nodes and wallets, neither of which are things that you have to worry about.

Some more efficient address formats have been introduced as well. The old ones of course still work.

there have also been some changes that soften it to threats aswell allowing new tx formats in without majority consensus of nodes ready to fully validate(as node readyness to fully validate WAS the old way of new format/feature activations which has now been softened to no longer require node majority readyness).

Social drama again? I'll bite.

What changes are those, franky1, and how "soft" has Bitcoin become against "threats". What threats are those? Plus didn't you big blockers say that there's no need for everyone else to run full nodes except the miners?

nodes now have the "neither of which are things you have to worry about"
because they have softened the role of nodes.. just so that devs and dev idolisers can blame miners.
yet the softness is the blame of devs.. as is any bug they introduce..  as it is all code changes. because devs write the code. not asics

Is that your new narrative? "Softened" the role of nodes so that the Core Developers and the community can blame miners? Do you know how laughable and stupid that sounds?

[franky1]

you really have not learned anything have you

it was core that said nodes dont need to upgrade and be full nodes(that was THEIR point) they even branded it "backard compatible" meaning that nodes did not need to upgrade to retain full node (full validation, full archiving status)

but nice try shifting the blame .. you failed.. but nice try.. i give you an E for effort
and an F for fail. but you atleast still have time to get your grades up

core devs themselves admitted they softened the consensus rules
they admitted it years ago
they admit they become a central point of failure

also asics do no write code or be involved in any tx data.. try to learn what mining equipment does do..
learn where the code does come from.

heck.. strange thing was even in recent months you were also showing signs of seeing how things actually happened where it was not a UASF but a economic node+MAHF in june/july 2017.. to then allow the DEV code of softening consensus for august
(remember that pretty little chart of the blue and red lines of UNNATURAL growth to thresholds.)
yes the immutible blockchain has that data. so its something i cant even edit. you might want to rely on that data rather than some private tribe message you you get from buddies about stories their clan have told each other

as for the june-july economic node and MAHF flags. guess where those flags came from.. again an asic didnt come up with that idea. nor did that idea come from a mining pool owner. it again came from DEVS deciding on flag numbers and proposals those flags represent. and what becomes mandated if flags are triggered(code).

do you know how laughable it is you pretend to idolise and defend the devs in regards to certain topics when they have already admitted things your trying to deny now. even when a couple months ago you were showing that the events did happen how i said
probably again best to stick with the version of events that can be proved with block data. not your social tribes campfire stories

you might have learned this if you researched factual data, and months later retained that information and not be playing amnesia like a madhatter group always does.. and then revert back sources for your latest opinions coming from social drama buddy narratives AGAIN, who were also defending the wrong things all along

 but lets just watch you waste another few years finding excuses not to learn and instead just repeat the debunked narratives of many years ago.. (i did warn you and give you plenty of attempts to learn.. so dont blame me for being the messenger)

[AverageGlabella]

core devs themselves admitted they softened the consensus rules
they admitted it years ago
they admit they become a central point of failure

also asics do no write code or be involved in any tx data.. try to learn what mining equipment does do..
learn where the code does come from.

heck.. strange thing was even in recent months you were also showing signs of seeing how things actually happened where it was not a UASF but a economic node+MAHF in june/july 2017.. to then allow the DEV code of softenening consensus for july-august
(remember that pretty little chart of the blue and red lines of UNNATUAL growth to thresholds.)

as for the june-july economic node and MAHF flags. guess where those flags came from.. again an asic didnt come up with that idea. nor did that idea come from a mining pool owner. it again came from DEVS deciding on flat numbers, and proposals those flags represent. and what becomes mandated if flags are triggered.

do you know how laughable it is you pretend to idolise and defend the devs in regards to certain topics when they have already admitted things your trying to deny now. even when a couple months ago you were showing that the events did happen how i said

you might have learned this if you researched factual data, and months later retained that information and not be playing amnesia like a madhatter group always does.. and then revert back sources for your latest opinions coming from social drama buddy narratives AGAIN, who were also defending the wrong things all along

 but lets just watch you waste another few years finding excuses not to learn and instead just repeat the debunked narratives of many years ago.. (i did warn you and give you plenty of attempts to learn.. so dont blame me for being the messenger)

I cannot verify what you are claiming because you have not given sources to what you are talking about but even if you are right have you never made a mistake? Devs are humans to and they probably thought their decisions at the time were right and they probably talked about the reasons why they thought that. I think it is unfair to shit on them because they have made mistakes. btc is still going strong and they are volunteers.

[franky1]

the developers involved in a certain softening of consensus are not random volunteers they were sponsored by a corporation. to activate certain features by november 2017. due to contracts that were funded and needed to be met.

yes they are human. but there are certain trolls on this forum, who always try to escape learning and researching or looking at the evidence..  defending devs where by treating them as idols that deserve "god mode" access to bitcoin
(allowing their god mode but then when things go wrong blaming everyone but their gods)

also having a silly mindset where no one should scrutinise, review, veto bad stuff, critique such activity.. when the real truth is devs should be reviewed critiqued and scrutinised as thats how bitcoin has worked 2009-2016

independant review, and for security critique and scrutiny over what gets activated. and only allowing ot to be activated if there was majority of nodes ready to validate any ew rule.. was the way it was.. until "backward compatibility "softening of consensus" became activated

as for the stuff you say i am not sourcing.. its an easy enough search
hundreds of topics. heck even block blockdata and bips and code is available

but just one preview where people that did have the silly defend a god narrative shown a little incling of research and realising things were not as things were stated before.. well that can be found in winfdurys own recent post history.
(even he needs to re read his own posts i think)

a quick 30 seconds search
here is a topic where a few people bacame slightly more enlightened
https://bitcointalk.org/index.php?topic=5433973.msg61601928#msg61601928