Penlock introduces an innovative, paper-computer based solution aimed at enhancing blockchain security and inheritance planning. This method allows for the secret-splitting of BIP39 seed phrases without relying on electronic devices, thereby reducing the risks associated with traditional wallet backup and inheritance methods. Inspired by Codex32 and following extensive research and prototype testing, Penlock's open-source project encourages community engagement for peer-reviewing and early testing, with a public release scheduled for Q3 2024. Detailed information and participation in the beta release can be found at Penlock Beta.
Proposed changes to the B'SST report's execution path notation aim to improve readability and comprehension by adopting a more verbose, human-readable format. This proposal enhances the logic flow of execution paths, making the report more accessible without sacrificing technical precision. The community is invited to provide feedback through direct email or comments on the GitHub pull request, with further details available at GitHub Pull Request.
The development of Curve Trees offers a scalable, privacy-preserving solution for Zero-Knowledge Proofs (ZKPs) of pubkey ownership, relevant for applications like the Lightning network. By leveraging algebraic structures for efficient verification and introducing a mechanism to prevent proof reuse, Curve Trees address scalability and privacy issues inherent in previous solutions. This advancement, detailed in the Curve Trees Paper and Algorithm Writeup, is demonstrated through a proof of concept at Hodlboard.
A strategic discourse on empowering individual miners with transaction selection responsibilities highlights a shift towards decentralization in cryptocurrency mining. This approach by SV2 and Braidpool aims to enhance network security and protect against state-level attacks, though it poses financial uncertainties for miners with less than 1% of the network's hashrate. The conversation delves into the complexities of game theory, economic incentives, and the balance between decentralization, financial stability, and network security, elucidating the challenges in developing systems that mitigate external threats while considering the economic realities facing miners.