Blockstream Research

  • research focus:
    • signature schemes
    • scripting languages (Miniscript, Simplicity)
  • for the Bitcoin protocol, wallets, Elements sidechain, Lightning Network, etc...
  • and contributions to open source projects like Bitcoin Core, libsecp, rust-bitcoin, minimint and many more

Running a Bitcoin Node

  • Bitcoin is a protocol that is verified by a network of full nodes
  • nodes are in consensus about the history of transactions determined by protocol rules and proof-of-work
  • BUT: creating transactions doesn't work for everyone, since the throughput is limited

~10 min

1MWU

1MWU

~10 min

1MWU

MWU = Mega Weight Unit

Layered Scaling

Idea: use Bitcoin as settlement layer, build protocols on top with different trust assumptions

Layer 1: Bitcoin

Layer 2: Lightning, Sidechains, ...

EXTRA: Bitcoin Ready For Mass Adoption

By iamjon

EXTRA: Bitcoin Ready For Mass Adoption

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