Bitcoin TLDR

#79

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Summary

May 5 - May 11, 2025

Our weekly newsletter is focused on keeping you updated on what's new in Bitcoin, and summarizes the bitcoin-dev, lightning-dev and delving bitcoin mailing lists

Joshua Doman's "Graftleaf" proposal is a significant advancement in Bitcoin's scripting capabilities, introducing a method for generalized program composition and coin delegation through a new Taproot leaf version. It aims to overcome the limitations of previous proposals by supporting complex script compositions and delegations, promising improved privacy, fungibility, and backward compatibility with existing P2TR addresses. The technical sophistication of Graftleaf is highlighted by its design to prevent security issues like replay attacks and witness malleability, emphasizing its potential for creating complex spending policies such as "vault-of-vaults" (source).

The transition from OP_VAULT (BIP-345) to OP_CHECKCONTRACTVERIFY (CCV) marks a pivotal development in Bitcoin scripting, with CCV offering a more general and efficient approach to secure Bitcoin vaults. This evolution retains the foundational appeal of VAULT while introducing improved functionality and flexibility, setting a new benchmark for future proposals despite challenges in implementing certain security-enhancing "decorator" opcodes (source).

Discussion on routing in payment networks, led by brh28, addresses liquidity uncertainty and inefficiencies in path discovery, proposing cooperative path queries to enhance routing efficiency and reduce costs. This model promotes a distributed routing landscape by enabling dynamic information sharing among nodes, improving the success rates of large payments, and minimizing reliance on comprehensive channel graphs. Despite privacy concerns, the approach offers a balanced mechanism for nodes to manage information disclosure, potentially revolutionizing payment routing in the network (source).

Active Discussions

Relax OP_RETURN standardness restrictions

57 replies

By Bitcoin Error Log

Involving Greg Maxwell, Peter Todd+21 others

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Original post on April 17, 2025 18:52 UTC

cyclic icon

Last reply on May 14, 2025 15:54 UTC

bitcoin-dev

  • The email critiques Bitcoin Core's influence on Bitcoin's governance, urging neutrality and reduced control.

  • It discusses concerns like policy enforcement and mempool fragmentation, suggesting more user autonomy.

  • The text advocates for separating policy from protocol to ensure Bitcoin's decentralization and resist centralized governance.

Unbreaking testnet4

26 replies

By Greg Maxwell

Involving Saint Wenhao, Sjors Provoost+8 others

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Original post on March 18, 2025 14:29 UTC

cyclic icon

Last reply on May 12, 2025 20:19 UTC

bitcoin-dev

  • Testnet4's transition aims to address past issues, but faces similar challenges again.

  • A flag day hard fork is proposed for January 1, 2026, to remove the difficulty reset rule.

  • Solutions include a massive premine to deter trading of testnet coins for real money.

The Tragic Tale of BIP30

12 replies

By Eric Voskuil

Involving eric, Sjors Provoost+2 others

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Original post on April 27, 2025 16:45 UTC

cyclic icon

Last reply on May 10, 2025 16:55 UTC

bitcoin-dev

  • The email queries about the status of certain pending Bitcoin hard forks discussions.

  • It notes a lack of recent activity in the Bitcoin development community's discussions.

  • The sender is concerned about diminished engagement on technical updates for Bitcoin.

Re: [Opt-in full-RBF] Zero-conf apps in immediate danger

1 reply

By Anthony Towns

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Original post on May 2, 2025 10:06 UTC

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Last reply on May 6, 2025 05:39 UTC

bitcoin-dev

  • Bitcoin and Lightning Network's relative transaction volume decreased from 2022 to 2024.

  • Bitrefill stopped accepting zero-confirmation transactions to possibly enhance security.

  • Over half of the Lightning Network's users come from business partnerships, affecting decentralization.

How to linearize your cluster

76 replies

By blockchainhao

Involving sipa, stefanwouldgo+7 others

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Original post on December 20, 2023 03:59 UTC

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Last reply on May 12, 2025 12:25 UTC

delvingbitcoin

  • The algorithm reconsiders solutions ('inc_new', 'exc_new') to avoid premature convergence.

  • It balances exploration and exploitation to find optimal solutions within constraints.

  • This adaptability addresses the dynamic, complex nature of computational problem-solving.

CTV+CSFS: Can we reach consensus on a first step towards covenants?

60 replies

By securitybrahh

Involving instagibbs, jamesob+11 others

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Original post on March 10, 2025 22:58 UTC

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Last reply on May 8, 2025 07:23 UTC

delvingbitcoin

  • Technical discussions enhance Bitcoin development and security.

  • Sharing links to relevant discussions promotes collaborative learning among developers.

  • This practice underscores the importance of community knowledge exchange.

Op_inout_amount

7 replies

By Chris_Stewart_5

Involving salvatoshi, halseth

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Original post on February 12, 2024 15:05 UTC

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Last reply on May 8, 2025 19:41 UTC

delvingbitcoin

  • The case study focuses on enhancing blockchain transactions with `OP_CHECKCONTRACTVERIFY` for amount locks.

  • Proposed enhancements include adding 64-bit arithmetic and direct input/output value management in Script.

  • It emphasizes improved extensibility, precise covenant differentiation, and the evolution of script capabilities.

Avoiding xpub+derivation reuse across wallets, in a UX-friendly manner

5 replies

By kloaec

Involving benk10, salvatoshi

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Original post on April 29, 2025 17:54 UTC

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Last reply on May 7, 2025 16:01 UTC

delvingbitcoin

  • The proposal integrates "standard" export paths with added randomness to enhance privacy.

  • Concerns arise about hardware signer compatibility and determining sufficient randomness depth.

  • Balancing user privacy with ease of use remains a central challenge.

Spanning-forest cluster linearization

5 replies

By sipa

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Original post on February 5, 2025 01:08 UTC

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Last reply on May 12, 2025 21:42 UTC

delvingbitcoin

  • SFL's design allows for potential repeating cycles despite restricted splits, shown in a 15-transaction study.

  • Innovative graph analysis revealed SFL's lack of termination guarantee, challenging previous assumptions.

  • Practical impact of repeating cycles is mitigated by randomness, yet inescapable loops highlight reliability concerns.

A simple approach to allowing recursive covenants by enabling quines

4 replies

By bramcohen

Involving ajtowns

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Original post on May 2, 2025 23:23 UTC

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Last reply on May 9, 2025 06:29 UTC

delvingbitcoin

  • The proposal suggests enhancing Bitcoin Script with P2WSH and a 'reverse order' opcode.

  • It emphasizes simplicity and functionality with potential future enhancements in mind.

  • The goal is to enable recursive covenants, improving script capabilities and compatibility.

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