Second Layer Developments Promise Major Changes For Bitcoin

The tremendous media attention focused on Bitcoin primarily concerns its soaring value and adoption rate, but perhaps of much greater significance are developments that promise to dramatically alter its capabilities and use. Segregated Witness (SegWit) creates the ability for functions to take place outside of Bitcoin’s main chain. These so-called second layer capabilities will enable faster, much cheaper transactions. Developers are, however, working on many other uses for Bitcoin’s