Bitcoin developer Olaoluwa Osuntokun introduced Layertree, a new proposal allowing millions of Bitcoin users to share a single blockchain output while maintaining individual control of their funds. This system uses a Merkle-sum tree to track balances off-chain, reducing transaction fees and blockchain space usage. However, Layertree requires changes to Bitcoin's protocol and faces challenges like operator control over membership and potential congestion during simultaneous withdrawals. The proposal could make Bitcoin more affordable for large groups but needs further development and network upgrades to become viable.
The new tree-based Bitcoin scaling proposal aims to enable millions of users to share a single blockchain output while maintaining control of their funds. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Oct 16, 2026 09:21 WIB: out of 50 major cryptocurrencies, 38 rose and 11 fell today. Notable gainers include EOS at Rp12.649 (+8.13%), CRV at Rp6.305 (+7.83%) with 98% buy order activity, and UNI at Rp133.316 (+5.94%).
Tesla has rapidly expanded its Cybercab robotaxi fleet in Austin, increasing the number of vehicles more than eight times within a month to over 300. This significant growth suggests Elon Musk's vision for autonomous robotaxis is gaining traction. Th...
Polygon Labs completed its acquisition of Coinme, gaining regulated infrastructure to convert dollars to digital assets across 48 US states. Despite this strategic move to focus on payments, Polygon's native token (POL) fell about 7%, dropping from $...
A major liquidation event on October 10, 2025, wiped out about $19 billion in leveraged crypto positions, significantly impacting Bitcoin futures markets. By September 2026, Bitcoin perpetual futures open interest was still 16.5% below pre-crash aver...
The Cornerstone Total Return Fund (CRF) has experienced a significant drop in its premium-to-net asset value (NAV), prompting analysts to change their rating from 'Sell' to neutral. The fund has underperformed compared to the S&P 500 and similar cove...
NEAR Protocol's token price jumped 12.74% within four hours to $5.35 on October 15, outperforming its 24-hour gain of 11.04%. The price rose from $4.75, marking a $0.60 increase per token. During this period, $1.01 million in short positions were liq...
