bitcoin-dev

OP_CHECKWILDCARDSIGVERIFY or "Wildcard Inputs" or "Coalescing Transactions"

OP_CHECKWILDCARDSIGVERIFY or "Wildcard Inputs" or "Coalescing Transactions"

Original Postby Trevin Hofmann

Posted on: November 25, 2015 15:41 UTC

A proposal was made for a new type of transaction called the wildcard transaction.

The idea is to use a wildcard signature that applies to all UTXOs in a standard form and paid to a particular address, which would then be treated like a time-limited offer to the network to reduce the UTXO set of an address.There could be several advantages to this system, including reducing the number of UTXOs left in the databases, reducing the impact of forked blockchains, and reducing the UXTO set of an address. However, there are several problems to consider. One problem is how to limit outputs so they are not at risk of being double-spent. Another issue is how to guarantee that the output is calculated from all the inputs involved. Finally, the proposal needs to make it impossible to sign a wildcard TX with a future date.Several possible solutions were suggested, such as using the highest block height number of transactions to include or using a special form of output specifying only one destination address/script and the amount of fees to pay.The context provided is an email message that includes a PGP signature and information about a Bitcoin development mailing list. The PGP signature is a cryptographic tool used to verify the authenticity of the email sender and ensure that the message content has not been tampered with during transit.The email is sent to the bitcoin-dev mailing list, which is a forum for discussing the technical aspects of Bitcoin development. The mailing list is hosted by the Linux Foundation and interested individuals can subscribe to it to stay up-to-date on Bitcoin development news and updates. Overall, the context provides insight into the technical side of Bitcoin development and the importance of secure communication in this field.