Zero-fee commitments for mobile wallets

Posted by instagibbs

Feb 21, 2025/14:35 UTC

The utilization of SIGHASH_SINGLE | SIGHASH_ANYONECANPAY within mobile wallets presents a nuanced opportunity for these platforms, especially in the context of managing transaction fees through the addition of inputs. This functionality underscores an important aspect of transaction flexibility and efficiency, potentially allowing for more strategic handling of blockchain transaction costs. Specifically, the default 0-fee HTLC (Hashed Time-Locked Contract) transaction emerges as a recommended approach when leveraging this signature hash type, given its ability to minimize user expenses under certain conditions.

The dialogue surrounding average mobile wallets reveals a general indifference or lack of interest towards this capability, possibly due to the complexity or specific use cases it addresses. Nevertheless, highlighting this feature sheds light on the broader landscape of wallet functionalities and their capacities to adapt to user needs in cost-effective ways. Moreover, for mobile wallets possessing an unspent transaction output (UTXO), the prospect of batching transactions becomes viable. Batching, in this context, refers to the consolidation of multiple transactions into a single one, thereby optimizing the transaction process in terms of both speed and cost.

This discussion not only illuminates the technical possibilities inherent within current cryptographic signatures and transaction protocols but also encourages a reevaluation of how mobile wallets could further harness these features. By exploring the implications of such capabilities, developers and users alike can better navigate the evolving terrain of digital currency transactions, ensuring that they are making informed decisions that align with their financial and operational objectives.

Link to Raw Post
Bitcoin Logo

TLDR

Join Our Newsletter

We’ll email you summaries of the latest discussions from authoritative bitcoin sources, like bitcoin-dev, lightning-dev, and Delving Bitcoin.

Explore all Products

ChatBTC imageBitcoin searchBitcoin TranscriptsSaving SatoshiBitcoin Transcripts Review
Built with 🧡 by the Bitcoin Dev Project
View our public visitor count

We'd love to hear your feedback on this project?

Give Feedback