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It's finally here.
The BIP drafts for Taproot, Schnorr, Merkle branches, and more.
Read it here: github.com/sipa/bips/blob…
Below are all of the ideas being proposed / discussed 👇
The BIP drafts for Taproot, Schnorr, Merkle branches, and more.
Read it here: github.com/sipa/bips/blob…
Below are all of the ideas being proposed / discussed 👇
1) Taproot to make all outputs and cooperative spends indistinguishable from each other.
2) Merkle branches to hide the unexecuted branches in scripts.
3) Schnorr signatures enable wallet software to use key aggregation/thresholds within one input.
2) Merkle branches to hide the unexecuted branches in scripts.
3) Schnorr signatures enable wallet software to use key aggregation/thresholds within one input.
4) Improvements to the signature hashing algorithm (including signing all input amounts).
5) Replacing OP_CHECKMULTISIG(VERIFY) with OP_CHECKSIGADD, to support batch validation.
5) Replacing OP_CHECKMULTISIG(VERIFY) with OP_CHECKSIGADD, to support batch validation.
6) Tagged hashing for domain separation (avoiding issues like CVE-2012-2459 in Merkle trees).
7) Extensibility through leaf versions, OP_SUCCESS opcodes, and upgradable pubkey types.
7) Extensibility through leaf versions, OP_SUCCESS opcodes, and upgradable pubkey types.
This is a remarkable next step in the evolution of Bitcoin's base layer.
While some of these changes may seem trivial, they are building blocks for better functionality, efficiency and reliability in Bitcoin.
Good times 🍻
While some of these changes may seem trivial, they are building blocks for better functionality, efficiency and reliability in Bitcoin.
Good times 🍻
