Bitcoin has been through hard times during these last few months and the community of Bitcoin not sure about the future of cryptocurrency. However, there are some technological developments for Bitcoin blockchain over the past months.
Bitcoin infrastructure is being upgraded over time and some of the planned changes could potentially reduce transaction costs for Bitcoin as well as creating solutions off-chain for payment so it is easier to use.
For solutions that will be implemented in core technologies such as Witnessing a Segregated (SegWit) needs to be adopted widely.
Batching Solutions
This is not a solution that is easy to implement on a large scale. This will require the creation of a series of different output without affecting the total weight of the transaction. This feature will help improve the scaling in blockchain Bitcoin. The transaction amount will not increase but will be allowed more output per input. Batching combines different transactions and make it into one transaction with increasing the number of outputs per input.
Schnorr Signatures Solutions
This solution will improve scalability for Bitcoin by combining some of the needed signatures into a single signature that can be used to unlock the output transaction. The script will have a single signature that represents the aggregate of individual signatures. This will reduce the size of the transaction on the chain, increase the speed for validation, and, enhance privacy.
Atomic Swap Solution
This concept will allow the automatic exchange of cryptocurrency based on the language of the SCRIPT. This achieve this by opening a lock box and give the other party the power to open the other. Each box requires a signature key and key to be opened so that they will be safe. If there is something wrong, the lockbox will return the second agent within 48 hours. This solution reduces the privacy at the chain but it can be effective for the protocols outside the chain.
If these projects are completed and successfully implemented, then blockchain Bitcoin will be enhanced significantly.