Bitcoin Unlimited releases development roadmap, first network node economic reward plan

In the past few weeks, Bitcoin Unlimited has become the focus of the community. Recently, Bitcoin Core has been focusing on the expansion problem, while Bitcoin Unlimited has received a sum of funds to lay the foundation for its future development. At the same time, Bitcoin Unlimited has also announced a simple plan for the development of the next few months. Let's take a look at the content of this development plan.

Although there are currently multiple different technical teams maintaining the development of Bitcoin, it is too early to determine which team has the best expansion plan. Most people still prefer Bitcoin Core because this team has been the core team of Bitcoin development for many years. But Bitcoin unlimited is also not to be underestimated, and their latest development roadmap shows some very interesting propositions.

One of the more compelling proposals is to provide financial rewards for running Bitcoin nodes. Currently, this approach is not feasible because users do not gain any real financial benefits from running a node. At the same time, due to the need for decentralization, financial rewards are not necessary.

Currently, the Bitcoin Unlimited team is still planning its economic reward plan. They are working on various research directions, including node protocol payment channels. This will allow Bitcoin Simplified Payment Verification (SPV) nodes to open a payment channel with a full node to obtain accurate data. This idea is interesting, but the specific implementation requires more detailed research.

Another interesting idea is about mining. If the mining time is shortened, miners will become more lazy and inefficient, but those who provide 100% hardware support for the network will make more money. Currently, on average, every millisecond of unproductive mining costs miners $1.5 per day. Although the probability of this happening is small, now is the best time to solve this problem.

Another point worth discussing is the future expansion plan. Network sharding technology was created by Ethereum developers, and the Bitcoin Unlimited team believes that this will be a possible solution. Sharding can help effectively achieve unlimited expansion, which is exactly what the Bitcoin protocol currently needs. I emphasize again that the specific plan needs further research.