The Growth of Alternative Avenues for Transacting in Bitcoin6

Bitcoin’s development has come a long ways from its humble cypherpunk origins to become an established means of value exchange and censorship-resistance. The cryptocurrency is continually evolving to meet new demands and expand how it is used. From the Lightning Network (LN) as its second layer payment scaling solution to enhancing the privacy of transactions, Bitcoin is a compelling testament to the power of open-source protocols.

Outside of more well-known improvements such as the LN and the pending inclusion of Schnorr Signatures into the protocol, some more subtle developments are emerging as viable alternative means for transacting in Bitcoin.

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