While many in the crypto industry focus only on the monetary aspects of Bitcoin, the cryptocurrency and its respective blockchain have a technical side too, a side that isn’t often focused on.<\/p>\n
John Newbery, a developer at Bitcoin-centric development firm Chaincode Labs, recently broke down<\/a> where he expects the network’s technical development trajectory to head next.<\/p>\n First off, he remarked that in the upcoming years, he expects for Bitcoin’s Lightning Network \u2014 which is already functional in the real world<\/a> \u2014 to see rapid development, citing work being done by Blockstream, Lightning Labs, and other development firms. “Taken together, those technologies will make channel and liquidity management much easier. They’ll be automated, fade into the background and user experience will improve drastically,” Newberg wrote.<\/p>\n The end of the decade is a good time to look back and marvel at the giant strides that Bitcoin has made since Satoshi gave us the whitepaper in 2008. It's also a natural point to look forward to what the upcoming years might hold in store.<\/p>\n — John Newbery (@jfnewbery) December 22, 2019<\/a><\/p><\/blockquote>\nRelated Reading:\u00a0Bitcoin Price is Poised to Return to $6,500 Lows; Analysts Explain Why<\/a><\/h6>\n
What’s Next for Bitcoin Development?<\/strong><\/h2>\n
\n