What to Expect From the Tech Behind Bitcoin in 2020

The video discusses the exciting developments in Bitcoin for 2020, focusing on core protocol updates and second layer infrastructure. It highlights the potential of new enhancements like Taproot and Schnorr signatures to improve scalability and smart contracts. The video also explores business opportunities in Bitcoin, particularly in custody and security services, and discusses the upcoming Bitcoin halving and its market implications.

What was a significant protocol update in Bitcoin before 2020?

• Taproot

• SegWit

• Schnorr Signatures

• Lightning Network

How do second layer infrastructures benefit the Bitcoin blockchain?

• They eliminate transaction fees.

• They reduce the need for mining.

• They enhance transaction speed and scalability.

• They increase the block size.

What role does Blockstream play in the Bitcoin ecosystem?

• It provides Bitcoin mining services.

• It sets Bitcoin's market price.

• It regulates Bitcoin transactions.

• It is a major contributor to Bitcoin's codebase.

What is a key focus for businesses in the Bitcoin ecosystem according to the transcript?

• Developing new cryptocurrencies.

• Addressing user needs in custody and security.

• Increasing Bitcoin's market price.

• Creating new mining hardware.

What is the expected impact of the Bitcoin halving event?

• It will double the Bitcoin supply.

• It will halve the pace of new Bitcoin being mined.

• It will eliminate Bitcoin transaction fees.

• It will stabilize Bitcoin's price.