The Future of Bitcoin’s Blockchain Technology

In the next decade, Bitcoin’s blockchain technology will focus on improving scalability, security, and decentralization. Currently, Bitcoin processes about 7 transactions per second (TPS), far less than traditional financial systems like Visa. To support broader adoption, innovations such as Layer 2 solutions like the Lightning Network aim to increase TPS and reduce transaction costs. Enhancements in security through better encryption and consensus mechanisms will be essential to protect against cyber threats. Maintaining decentralization while making these improvements is crucial, and advancements in decentralized finance (DeFi) platforms could leverage Bitcoin’s secure blockchain for new financial services.