The Future of Bitcoin Segwitt
Current events and block chains
10 minutes long confirmation time.
Even that was usually delayed and I had to wait a few hours to get 1 or 3 contracts.
And expensive transfer fees.
Experts who have been fighting on Twitter on a gruesome roadmap.
As this condition continues
'Maybe there is a future for Altcoin rather than bitcoin?'
The psychology of being pervasive in the market
The capital ratio leans towards Altcoin
The proportion of capital that is relatively bitcoins is lowered.
I think this flow will change drastically with the activation of Segwitt.
Segwite's core meaning
The timing of digital signatures changed slightly as we changed the structure of the blocks.
Before Segwitt, there was not yet an electronic signature at this time, so I was not sure whether my coin was definitely mine.
After the segwight, the digital signature has already been made at a certain point in time.
(More details are omitted because it is too heavy for them)
So the transaction meliority problem is solved
The path to utilizing scripting language has opened.
Here are some of the features and services that have made this possible.
Lightning Network
It solves the problem of conformity time and commission of existing bit coin.
When opening a channel, the bit coin to be exchanged by the channel users in the on-chain transaction is bound to the channel (sent to the multi-sig address)
While channel is open, users transmit BTC to off-chain. Immediate transfer to a free fee.
On-Chain transactions occur when the channel is closed.
So to say
It means that it is possible to complete delivery of 1 Satoshi immediately with free commission.
Even now, it is possible to send a free commission instantly in places like exchanges.
Moving from Exchange Wallet to Margin Wallet on my account at VeriPinex is handled quickly and without charge.
However ... any centralized exchange or centralized service that provides a deposit and withdrawal service for Bitcoin
There is always the risk of hacking, the risk of eating, delays in payment due to service interruption.
In the case of a lightning network, there is no such risk because it is decentralized with Trustless.
The average user will change the paradigm so that almost everyone can send bit coins only through the Lightning network.
Atomic Swap
Atomic Swap, a technology based on Segwit and Lightning Networks
Shape Shift, Block Trade offers services
It is decentralized.
Coins between different block chains are exchanged according to the agreed rate (ticker).
Atomic, and Lightning, it is completed in an instant and comes into your personal wallet.
The disadvantage is that only block chains that have segment wit and atomic swap capability can be exchanged.
Smart Contour
The heart of bitcoin technology that will change the world is not just the transmission speed and the commission.
On the foundation of a reliable block chain coming from invariance
If you can use Smart Contour
Services that are closely related to our lives that were operated by existing centralization methods
It will be replaced by a service running on the decoupling block chain.
I think some services are superseded because of their certainty. It's replaced by better ones.
Obviously, there are a lot of uses that are better than the existing ones, but I'll take a service called Civic as an example.
Civic is a decentralized identity verification service using rootstock, one of BitCoin's smart track platforms.
Membership is a service that will change your existing identity verification method, which you have to provide your personal information to each and every company while you are here and there. (Civic is covered in more detail below)
In addition to money, if a variety of useful applications occur on the bit coin blockchain
The value of the beat coin will be the driving force to come up more than you think.