The Future of Bitcoin is Satellites, Sidechains, and Smart Contracts

The future of Bitcoin is exciting, as satellites, sidechains and smart contracts expand its use-case

The level of intellectual capacity that goes into bitcoin is incredible. So incredible in fact, that you can now download the Bitcoin blockchain from a satellite. Future features such as side-chains will add significant intrinsic value to the bitcoin codebase, as tokenized assets can be created off it. Schnorr signatures are set to replace older transaction authentication methods, increasing privacy and efficiency. And Hash Time Locked Contracts (HTLC) seeks to solve the issue of payment refundability.

For those in the know, these developments are major. Each one in itself brings a whole new subset of features to bitcoin, slowly expanding it from just being a cryptocurrency. These developments also highlight the strength and use case of bitcoins blockchain, and may even threaten existing cryptocurrency projects.

Lets explore each of these incredible and exciting new developments!

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