Bitcoin TLDR

#67

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Summary

Feb 10 - Feb 16, 2025

Our weekly newsletter is focused on keeping you updated on what's new in Bitcoin, and summarizes the bitcoin-dev, lightning-dev and delving bitcoin mailing lists

Agustin Cruz introduced the Quantum-Resistant Address Migration Protocol (QRAMP), a Bitcoin Improvement Proposal designed to safeguard the Bitcoin network against quantum computing threats by transitioning funds from legacy to quantum-resistant addresses. The proposal outlines a detailed plan for implementation, including backward compatibility and security considerations, and invites community feedback on GitHub.

Jose Storopoli and Trey Del Bonis, among others at Alpen Labs, developed the Bitcoin Output Script Descriptor (BOSD) to enhance the standardness of on-chain withdrawals for Bitcoin Layer 2 solutions, minimizing the risk of non-standard transactions. This open-source Rust implementation, available on crates.io, aims to streamline validation logic, with detailed specifications and the motivation behind BOSD provided on GitHub.

Pythcoiner has been working on joinstr, a library to support the development of privacy-centric applications for coinjoin, currently in an experimental stage. This effort signifies a broader engagement with developers to enhance privacy in digital currency transactions, inviting collaboration and feedback through email or simplex chat.

AJ Towns highlighted the release of Bitcoin Inquisition 28.1, incorporating features from Bitcoin Core 28.1 and supporting several proposed consensus changes to improve Bitcoin's operational framework. This version, available on GitHub, also emphasizes the importance of establishing social consensus before implementing code changes, as discussed in the bcap project and a guide on making consensus changes within Bitcoin, underscoring the necessity for widespread agreement and a cooperative approach to modifications in the network.

Active Discussions

Reiterating centralized coinjoin (Wasabi & Samourai) deanonymization attacks12 replies

By /dev /fd0

Involving

Yuval Kogman, Peter Todd+2 others

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Original post on December 21, 2024 14:16 UTC

cyclic icon

Last reply on February 13, 2025 15:42 UTC

bitcoin-dev

  • Yuval Kogman critiques Liquisabi's claims of accuracy in coordinator earnings calculation.
  • He discusses misleading claims by Kruw on bitcointalk, referencing a specific thread for evidence.
  • Kogman highlights his background with joinstr and wasabi, emphasizing his cryptocurrency expertise.
Update on the Great Consensus Cleanup Revival8 replies

By Antoine Poinsot

Involving

Antoine Riard, Chris Stewart+2 others

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Original post on February 5, 2025 18:09 UTC

cyclic icon

Last reply on February 23, 2025 22:35 UTC

bitcoin-dev

  • Antoine Poinsot emphasizes bundling all fixes in Bitcoin soft forks.
  • He corrects misconceptions about a 2019 proposal's confiscation risk.
  • A new strategy aims to mitigate validation times without disabling Bitcoin Script functionalities.
How to linearize your cluster47 replies

By ajtowns

Involving

sipa, stefanwouldgo+3 others

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Original post on December 20, 2023 03:59 UTC

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Last reply on February 21, 2025 13:25 UTC

delvingbitcoin

  • The algorithm optimizes transaction handling by partitioning them based on fee rates using min-cut.
  • It iteratively refines transaction subsets to enhance processing efficiency, guided by a fee rate parameter.
  • Efficiency gains are achieved by reusing data from previous partitioning steps, minimizing computational redundancy.
Emulating OP_RAND8 replies

By ajtowns

Involving

AdamISZ, harding+1 other

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Original post on January 29, 2025 11:17 UTC

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Last reply on February 10, 2025 16:12 UTC

delvingbitcoin

  • The email discusses challenges with randomized HTLCs in Bitcoin's Lightning Network due to high CPU and bandwidth costs.
  • It also questions the economic feasibility of traditional HTLCs for large transactions amid high fees.
  • A suggested focus on improving fan-out technology to minimize transaction fees and support scalable HTLCs is highlighted.
Proposing a P2QRH BIP towards a quantum resistant soft fork7 replies

By 0xfffffffa

Involving

cryptoquick, conduition+1 other

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Original post on June 8, 2024 21:11 UTC

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Last reply on February 21, 2025 20:04 UTC

delvingbitcoin

  • An innovative solution aims to safeguard Bitcoin against quantum computing threats via a Layer 2 system.
  • This Layer 2 setup could evolve into a new primary blockchain if quantum advances threaten Bitcoin's security.
  • It employs FIPS240 ML-DSA cryptography, approved by NIST, to maintain security standards against quantum vulnerabilities.
Hybrid Jamming Mitigation: Results and Updates7 replies

By carla

Involving

morehouse, ProofOfKeags+1 other

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Original post on September 17, 2024 14:21 UTC

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Last reply on February 22, 2025 03:08 UTC

delvingbitcoin

  • Simulations show outgoing reputation defends against "sink" attacks by diminishing attacker's ability to disrupt transactions.
  • Limitations include reliance on specific traffic patterns and straightforward attacker strategies, suggesting more complex scenarios may affect outcomes.
  • Introducing bi-directional reputation could enhance network security, requiring actors to gain trust on both ends of a transaction.
Highly Available Lightning Channels Revisited – ROUTE OR OUT5 replies

By MattCorallo

Involving

joostjager, cguida

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Original post on February 10, 2025 17:01 UTC

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Last reply on February 12, 2025 15:17 UTC

delvingbitcoin

  • Perfect reliability in payment success is crucial for the Lightning Network's success.
  • Payment failures often stem from inadequate node maintenance rather than pathfinding flaws.
  • Proposed changes risk increasing centralization and undermining the network's decentralized nature.
MultisigBackup.com: Backup and recover a k-of-n descriptor using only n seeds5 replies

By josh

Involving

jsarenik, sipa

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Original post on February 6, 2025 19:56 UTC

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Last reply on February 10, 2025 20:10 UTC

delvingbitcoin

  • A novel tool improves Bitcoin inscription efficiency without creating new UTXOs.
  • It uses a unique address and integrates with mempool.space for real-time tracking.
  • A comprehensive guide and code repository are available for further exploration.
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