Posted by Donald Dienst
Jul 10, 2025/22:55 UTC
Donald Dienst has proposed a new Bitcoin Improvement Proposal (BIP) titled "Proof-of-Activity Reclamation (PoAR)." This proposal aims to address the economic implications of lost and abandoned Unspent Transaction Outputs (UTXOs) by introducing an automated, rule-based mechanism. The essence of PoAR is to recycle coins that have not been active for over twenty years, incorporating them back into the circulation through future block rewards. This method ensures the continuation of miner incentives without breaching the fixed cap of 21 million BTC. The full details of the proposal can be found in the document hosted on GitHub, accessible via this link. Dienst invites feedback, suggestions, and critiques from the community, emphasizing the collaborative nature of development within the Bitcoin ecosystem.
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