Segregated Witness has entered its final testing stage before roll-out on the Bitcoin network. That is good news, most importantly because the innovation introduces a capacity increase to allow for more transactions on the network, while it also solves transaction malleability.
And, it introduces script versioning ‒ an extension to the Bitcoin protocol that allows for an entire new category of innovation.
One of these imminent innovations has been on the top of several Bitcoin developers’ wish-lists for some time: Schnorr signatures.
With the impending release of Segregated Witness, implementation of the Schnorr cryptographic signature algorithm might follow soon after, potentially improving Bitcoin's scalability, efficiency and privacy, all in one go.
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