The year of 2019 became the first that failed to bring a new well-recognized Bitcoin fork. The only live fork from 2019 is nowlisted in the third thousand of Coinmarketcap rankings. But, this year may bring some good news.<\/p>\n
Yesterday, Lucas Nuzzi, the analyst from Digital Assets Research agency, tweeted about a possible Bitcoin (BTC) soft-fork in 2020. Moreover, according to him, this soft-fork will bring the most profound innovations to Bitcoin's Layer-One in its history.<\/p>\n
Mr. Nuzzi predicted the implementation of three Bitcoin (BTC) Improvement Proposals (BIPs). It will contain the roll-out of Schnorr signatures, Taproot schemes and Tapscript language into the Bitcoin (BTC) network.<\/p>\n
When asked about the exact time framework for the upcoming soft-work, Mr. Nuzzi answered:<\/p>\n
I'm thinking Q4 if it goes through this year.<\/p>\n
All three mechanisms will improveboth the scalability and privacy of the first blockchain. In a nutshell, with the Schnorr\/Taproot upgrade, the mechanism of transaction signing in the Bitcoin (BTC) network will be reconsidered. In turn, it will allow the development of new multi-signature solutions.<\/p>\n
One more use-case for the post-fork Bitcoin (BTC) network is proposed by Mr. Nuzzi. He supposes that numeroussimple peer-to-peer contracts that rely on safe oracles (e.g. arbitrators) will make use of it.<\/p>\n
The Bitcoin (BTC) network has gonethrough one mass-adopted soft-fork so far, Segregated Witness (SegWit). It allows the processing of some data outside of the block and, therefore, unloads the main chain to upgrade its speed.<\/p>\n
What do you think, will Bitcoin (BTC) fork in 2020? Share your predictions in the Comments!<\/p>\n
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