8 months ago

The developer of Bitcoin Core John Newbery has introduced the Bitcoin Optech initiative to help software companies using bitcoin to implement solutions for network scaling.

The main goal of the new initiative is to prevent the leap of fees with the next wave of increased interest in cryptocurrencies. The developers are convinced that solutions such as the Segregated Witness protocol can significantly help bitcoin businesses and cut transaction costs by half.

The project participants will focus on technologies that the business can implement in the near future, but in the future, probably, they can also turn their attention to the Lightning Network, the signatures of Shnorr and Taproot / Graftroot.