New Proposal Layertree Aims to Scale Bitcoin for Millions of Users
Lightning Labs developer proposes Layertree to enable millions to share a single Bitcoin blockchain output.
Lightning Labs developer proposes Layertree to enable millions to share a single Bitcoin blockchain output. Bitcoin (BTC) is trading at ₹78,18,087 ($82,209.00), up 0.3% since this brief published. This is an original Token Times brief based on reporting by Bitcoin.com, with live market data added, as of Fri, 16 Oct 2026 05:15:01 UTC.
Layertree could significantly enhance Bitcoin's scalability and efficiency, allowing more users to participate without compromising individual control over funds.
- Layertree proposal aims to fit millions of users into a single Bitcoin blockchain output.
- The technology requires changes to Bitcoin's existing rules to function.
- Lightning Labs' Olaoluwa Osuntokun is the developer behind the proposal.
- Bitcoin's market cap is $1.65T, with a 24h price increase of 1.30%.
Layertree, a new proposal by Lightning Labs developer Olaoluwa Osuntokun, aims to revolutionize 
Bitcoin's scalability by allowing millions of users to be represented by a single blockchain output. This approach could drastically increase the number of participants without requiring additional blockchain space for each user.
The key innovation of Layertree is its ability to maintain individual control over funds while aggregating users into a shared output. This could enhance transaction efficiency and reduce the load on the Bitcoin network.
However, the proposal faces a significant hurdle: it requires changes to Bitcoin's existing rules. As of now, the Bitcoin network does not support the technology that Layertree proposes.
This development comes amid broader efforts to improve Bitcoin's scalability and usability. The proposal reflects a growing focus on finding solutions that balance scalability with the preservation of Bitcoin's core principles.
Currently, the total crypto market cap stands at $2.82T, with Bitcoin's market cap at $1.65T. Bitcoin's price has increased by 1.30% in the last 24 hours, trading at $81,967. The Fear & Greed Index is at 63, indicating a state of 'Greed' in the market.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹77,95,073.18$81,967.00 to ₹78,18,087.41$82,209.00 — +0.30%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $77,500 in October?
Crowd-implied probability on Polymarket, ₹20.63M 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 16 04:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.65M (about $82,209.00), up 1.3% over 24 hours. The rupee itself trades about 10.7% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
New Proposal Layertree Aims to Scale Bitcoin for Millions of — questions & answers
What is Layertree?
Layertree is a proposal by Lightning Labs developer Olaoluwa Osuntokun to enable millions of users to share a single Bitcoin blockchain output.
Why is Layertree significant?
Layertree could enhance Bitcoin's scalability and efficiency, allowing more users to participate without compromising individual control over funds.
What challenges does Layertree face?
Layertree requires changes to Bitcoin's existing rules, which do not yet support the proposed technology.
How much is 1 Bitcoin worth in rupee today?
About ₹8.65M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $82,209.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.30% since this brief first published — trading at ₹78,18,087 ($82,209.00) now versus ₹77,95,073 ($81,967.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.