delvingbitcoin

Improving transaction sponsor blockspace efficiency

Improving transaction sponsor blockspace efficiency

Original Postby sdaftuar

Posted on: March 26, 2024 18:46 UTC

The discussion revolves around the potential of soft fork proposals to significantly expand Bitcoin's scripting capabilities, particularly by enabling scripts to verify Simplified Payment Verification (SPV) proofs.

This advancement could introduce functionalities such as transaction sponsorship and OP_EXPIRE, alongside other features not currently safe from blockchain reorganizations. However, these innovations are not without their challenges. The implementation of OP_EXPIRE is complicated by the need for a new mempool design that can handle transactions potentially becoming invalid in the future. This raises concerns about denial-of-service (DoS) attacks, which, while addressable, demand substantial engineering efforts.

Transaction sponsorship also presents considerable difficulties, primarily in adapting mempool policy to accommodate it. Many problems transaction sponsorship aims to solve might be more efficiently addressed at the policy level rather than through complex engineering solutions. An opinion shared in a mailing list post suggests that if transaction sponsorship were pursued, it would be prudent to allow transactions to opt into being sponsorable. This approach would align with consensus changes while mitigating unintended consequences on the network's operation.

A critical concern with allowing any third party to attach to the transaction graph is the potential for DoS attacks related to mempool policy. For instance, in a clustered mempool scenario, third-party attachments could create large clusters, blocking other transactions from being chained due to cluster size limits. Although there may be workarounds, thoroughly addressing these issues requires significant thought and effort. Therefore, when considering consensus changes, it's essential to design them in a way that they do not adversely affect existing use cases or usage patterns, ensuring that the network remains robust and functional for all users.

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