Share this article

Blockstream Releases Test Code for Proposed Bitcoin Tech Upgrade Schnorr

Schnorr signatures are no longer just another idea for improving bitcoin thanks to a new code library from Blockstream.

Updated Sep 13, 2021, 8:54 a.m. Published Feb 18, 2019, 8:55 p.m.
Poelstra, Blockstream

Schnorr signatures, a code change likely to be one of the biggest coming upgrades to bitcoin, have now gone from a theoretical idea to real code courtesy of technology startup Blockstream.

Announced Monday

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

, Blockstream has added a technology known as "MuSig" to its test cryptographic library, making it possible for developers to tinker with the Schnorr signature scheme and potentially find bugs.

That the code is being opened up to the public to test is an exciting step because, if Schnorr is one day added to bitcoin, the new digital signature scheme could add privacy and bitcoin scalability improvements down the line. As such, developers have been eyeing the technology for quite some time.

Blockstream mathematician Andrew Poelstra wrote in the announcement blog post:

"We’ve been turning MuSig from an academic paper into usable code, and this week we merged that code into secp256k1-zkp, a fork of secp256k1, the high-assurance cryptographic library used by Bitcoin Core."

It's been a theoretical upgrade for years, with cryptographers making mathematical progress last year necessary to ensure the scheme's security. This will be the first time the code opened up for testing.

"To address these concerns, we started an initiative to design a new signature scheme, and a significant practical engineering effort to implement it in a robust and antifragile way," Poelstra added.

Most bitcoin developers think it's a positive upgrade and some have already started thinking about what new technologies can be built on top of it. For instance, developers have theorized how it could help anonymize lightning transactions, considered to be a more feasible and speedy system of payments on bitcoin.

"As the bitcoin community is exploring the use of Schnorr signatures in bitcoin we hope that our code will eventually be merged into the upstream library secp256k1 used by bitcoin core and many other projects," Poelstra added.

To that end, he invites developers to play around with the code, which can be found on GitHub and to give feedback.

Andrew Poelstra image via CoinDesk

More For You

KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

More For You

Cathie Wood’s ARK Invest files for two crypto index ETFs tied to CoinDesk 20

Ark Invest CEO Cathie Wood

One proposed fund will attempt to exactly mimic the CoinDesk 20, but the other would track the index, excluding bitcoin.

What to know:

  • ARK Invest has filed with U.S. regulators to launch two cryptocurrency ETFs tracking the CoinDesk 20 index.
  • One proposed fund would track the CoinDesk 20, which provides exposure to major tokens, including bitcoin, ether, solana, XRP, and cardano. The other would track the same index, but exclude bitcoin, by pairing long index futures with short bitcoin futures.
  • The funds, which would list on NYSE Arca if approved, aim to offer diversified crypto exposure without direct token custody and follow similar, still-unapproved crypto index ETF proposals from WisdomTree and ProShares.