Developers working on the next phase of Bitcoin have released a paper highlighting how they believe that Schnorr multi-signatures (‘multisig’) could be the key to help with the scaling objectives for the Bitcoin Blockchain. As more investors and users join the bitcoin revolution, there is a worry about the performance and security of the digital currency, but this could provide the answer.

The technology brings together multisig data into bunches, reducing the overall size of the transaction. This belief in the technology should improve performance levels for Bitcoin generally.

Multisig has been widely used throughout a number of Bitcoin applications over the years, with the security attributes a key feature of its use within wallet applications. Schnorr multisig seems to offer an even greater privacy function for transactions. There are a number of technological developments being worked on throughout the industry, in order to improve towards mainstream acceptance and acceptability.

Scaling solutions for Bitcoin and other digital currencies is something of an urgent matter, as many different uses and applications require drastic improvement should the rise in popularity continue in the future. Schnorr signatures will allow for one person to send a transaction from multiple sources.