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Bitcoin Schnorr Signatures are Finally Coming!!!

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Published: 07 Jul 2018 › Updated: 07 Jul 2018Bitcoin Schnorr Signatures are Finally Coming!!!

Bitcoin Schnorr Signatures are Finally Coming!!!

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Peter Wuille has submitted a BIP (Bitcoin Improvement Protocol) to include Schnorr Signatures to the Bitcoin network.

This means at least 25% less bandwidth required for Bitcoin transactions.

While the idea is not new to the market (it's nearly a year in the making, ever since SegWit split), it's nice to see the progress. Undoubtedly, it will have big implications to the speed of Bitcoin transactions.

Learn more about Schnorr Signatures here:

https://hackernoon.com/excited-for-schnorr-signatures-a00ee467fc5f
https://iterative.capital/2018/07/07/formal-proposal-on-schnorr-signature/

Next up: Full adoption of the Lightning Network!

Bitcoin is clearly not dead.

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