In recent discussions within the Bitcoin community, Oren introduced a Bitcoin Improvement Proposal (BIP) for a Timelock-Recovery plan following a conversation with Ava Chow at BTC++ Taiwan. The proposal aims to enhance the security and inheritance handling of Bitcoin recovery seeds through pre-signed transactions and a plugin for Electrum, standardizing a JSON format for broader wallet compatibility and application development. This initiative, supported by RITREK.com, marks a significant step towards improving long-term wallet management for both technical and non-technical users (Electrum, RITREK).
Parallel to this, discussions around commit-based approaches for securing digital transactions against quantum threats have gained traction. These approaches prioritize incremental steps towards quantum resistance, such as commit-reveal strategies, over an immediate transition to full quantum-safe signatures. A novel framework, Quantum-Resilient Modular Verification Layer (QRMVL), has been proposed to address scalability and verification challenges, advocating for a soft-fork-compatible pathway to quantum resilience. This framework seeks community feedback to refine its approach, with resources available for review and contribution (QRMVL Whitepaper, GitHub).
Additionally, a new Layer 3 protocol proposal addresses trust and custody issues in Bitcoin transactions, promoting custodial Lightning networks as a solution to enhance transaction speed, reduce costs, and maintain decentralization. This protocol introduces auditable cryptographic ledgers and a recovery mechanism that diverges from unilateral exit strategies, aiming to establish a network of bonded custodians on the Lightning network to improve scalability and usability without sacrificing trustlessness. The author seeks feedback on this protocol, with a detailed whitepaper available for those interested in exploring the technical aspects further (GitHub Repository).
