Definitely lightning network or something like that which would make bitcoin once again faster and cheaper should be the number one deal. Look at transactions now, it is so much that it broke all previous records and because of the difficulty change and the halving change there are less machines working right now (since small miners can't profit) so the fee's increased like hell. We can't just keep on making miners rich and live like this, that is not really an option in the long term since its unsustainable as well
So at the end of the day, we need to figure out a way that would make is no longer rely on miners to be strong and powerful to pass all our transactions quickly. Prices have always gone down when we had this problem, last time was 2017 peak and we dropped after that as well. So all in all we just need to focus on cheap and fast transactions, that is number one priority.
Topic: The currently Active and Next Steps of BTC infrastructure development (Read 193 times)
May 25, 2020, 09:15:15 AM
fillippone has a pretty good overview thread over here:
https://bitcointalksearch.org/topic/a-look-at-innovation-in-bitcoins-technology-stack-complete-with-references-5207455
In my opinion LN and its related technologies is currently one of the most important frontlines, especially in terms of usability and stability. Followed by anything that would increase transaction throughput, such as Schnorr signatures.
Long term I'm especially curious about where Simplicity will lead us.
https://bitcointalksearch.org/topic/a-look-at-innovation-in-bitcoins-technology-stack-complete-with-references-5207455
In my opinion LN and its related technologies is currently one of the most important frontlines, especially in terms of usability and stability. Followed by anything that would increase transaction throughput, such as Schnorr signatures.
Long term I'm especially curious about where Simplicity will lead us.
May 25, 2020, 07:51:25 AM
Scroll down and you will see the "move topic" option below of this thread.
And move to the appropriate board. For Development and technical stuff, you will find it here, Development & Technical Discussion.
I'm also looking forward on how to learn about Lighting Network, I always visited on that board to gather ideas regarding technical stuff.
And move to the appropriate board. For Development and technical stuff, you will find it here, Development & Technical Discussion.
I'm also looking forward on how to learn about Lighting Network, I always visited on that board to gather ideas regarding technical stuff.
May 25, 2020, 07:26:49 AM
I am so sorry, I was under the impression I was in the Bitcoin Discussion section of the forum 
This thread doesn't really fit this section, but i cant delete my own threads. Any help from a mod would be nice.
This thread doesn't really fit this section, but i cant delete my own threads. Any help from a mod would be nice.
May 25, 2020, 06:43:46 AM
I am looking at the Bitcoin space and I see great things happening in progressive steps:
My question is, what do you think are the current critical frontiers in infrastructure development in Bitcoin? Not just the Protocol itself, but the entire first and base application (currency). I guess we could categorize it thematically:
if you can think of other development themes, please let me to know to add it to this list.
But it would be great to have a thread where we discuss the developments, why they are critical and what efforts are being made towards them.
- Looking at the commits to the Bitcoin Core is one indicator
- The Lightning Node Network is another great development providing a possible future for feasible use of POW based cryptocurrencies in micro and everyday transactions
- Wallets have come so far from the days that I started using Bitcoin (e.g. UI's, Security, etc. )
- Exchanges have also made leaps and bounds (However, given the role they play, I feel they have a lot to improve on to be up to spec.)
My question is, what do you think are the current critical frontiers in infrastructure development in Bitcoin? Not just the Protocol itself, but the entire first and base application (currency). I guess we could categorize it thematically:
- 1st and 2nd layer Protocols
- Ease of Use
- Exchanges and third party infrastructure
if you can think of other development themes, please let me to know to add it to this list.
But it would be great to have a thread where we discuss the developments, why they are critical and what efforts are being made towards them.
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