A new paper by a research and development team, Andrew Poelstra, Gregory Maxwell, Yannick Seurin and Pieter Wuille, which focuses on Schnorr has just hit the internet. The paper explores how multi-signatures can be used with bitcoin.

Specifically, the concept behind Schnorr suggests that the listing of multiple signatures individually be traded up for bundling signatures into a singular data entry. Such a development could help prohibit \"spam attacks\", stopping people from spamming the system with a series of small crypto transactions that drain space on the system and stop nodes from running as efficiently.

The approach also promises greater security, as more than one person must work on a transaction before it can be accepted by the system, which prohibits any fraudulent activity. Greater security is also matched by greater privacy, as utilising different sources would make it harder for singular transactions to be traced back to their source.

Also, refining information to smaller chunks of data would also speed up processing times significantly, allowing for the smoother and speedier processing of data held by the blockchain. Having worked out the theoretical and practical kinks of implementing the system, the research team are now looking ahead to make it a reality, promising some significant developments for Blockchain tech.