Friday, 21 February 2020

Some of the latest bitcoin innovation projects (list)

On Transactions (speed and functionality):

  • The Lightning network (Introduces channel factories and private messages on Bitcoin’s second layer)
  • Blockstream’s Atomic swaps on Liquid, a sidechain-based settlement network for traders and exchanges.
  • Blockstream’s Elements, an open source, sidechain-capable blockchain platform, providing access to powerful features such as Confidential Transactions and Issued Assets.
  • RSK (for the development of smart contracts on Bitcoin’s second layer)

On the mining front:

  • The Fiber Network for connecting all the miners
  • Matt Corallo’s Stratum Version 2 Protocol, (“going to make it a lot better for individual miners to control how the blocks get created instead of the mining pool screening it,” says Mayer).
  • Mining derivatives (“like hashing contracts, will likely trade on a CFTC regulated swap execution facility,” says Mayer).

On the privacy front; particularly confidential transactions:

  • CoinJoin
  • Mimblewimble
  • Dandelion
  • Bulletproof (shorter proofs for more efficient confidential transactions)
  • SNICKER (coin mixing)
  • Value Shuffle (coin mixing)

Smart Contracts:

  • Mast (Merklized Abstract Syntax Tree, for smaller transaction sizes, more privacy, and larger smart contracts)
  • Taproot (for expanding Bitcoin smart contract flexibility)
  • Graph root
  • Tap script (Improvement’s to Bitcoin’s script structure)

source: cryptographicasset.com/the-state-of-bitcoin-according-to-btc-investor-trace-mayer/

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