Bitcoin TLDR

#68

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Feb 18 - Feb 22, 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

Hunter Beast's update on the Bitcoin Development Community's efforts towards a post-quantum roadmap reveals a pivot in the BIP-360 proposal towards algorithms like FALCON that favor signature aggregation, addressing concerns over DDoS implications and multisig wallet management challenges. The proposal, accessible here, underlines the importance of NIST-approved algorithms for FIPS compliance and introduces an interim solution named P2TRH for Taproot keypath spends, as detailed here, to mitigate quantum security concerns with a call for community feedback emphasized.

John's analysis of the Bitcoin codebase brings to light the potential for optimizing the validation process for transactions already verified by the mempool, particularly SegWit-verified transactions, to enhance efficiency without sacrificing security. This discussion, found here, questions the necessity of re-validating mempool transactions during block processing and explores the feasibility of streamlining this aspect of transaction handling.

Antoine Riard et al. propose drafts for improving the Bitcoin transaction-relay protocol to address vulnerabilities to DoS attacks and privacy concerns stemming from the current system's inefficiencies. These proposals suggest strict validation sequences and a new versioning system for peer-to-peer address messages to secure the transaction relay process, with ongoing community discussions aimed at refining these solutions without necessitating a complete protocol overhaul, as highlighted here.

T-bast's work on incorporating zero-fee commitments into lightning channels focuses on enhancing mobile wallets by reducing their attack surface and addressing risks associated with revoked commitments and HTLC handling. This initiative, detailed here, represents a significant advancement in securing mobile wallet funds in the cryptocurrency ecosystem, with a community feedback loop encouraged to finalize these improvements in a forthcoming bLIP.

Active Discussions

Proposal for Quantum-Resistant Address Migration Protocol (QRAMP) BIP12 replies

By Hunter Beast

Involving

Agustin Cruz, Dustin Ray+1 other

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Original post on February 11, 2025 22:36 UTC

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Last reply on February 19, 2025 22:05 UTC

bitcoin-dev

  • Discussions around old bitcoin management consider quantum computing's emerging threat.
  • Technical vulnerabilities due to quantum attacks focus on bitcoin addresses and the need for PQC signatures.
  • Bitcoin's "Q-day" anticipation allows time for adaptation, including potential soft fork activations.
Update on the Great Consensus Cleanup Revival10 replies

By Matt Corallo

Involving

Antoine Poinsot, Antoine Riard+3 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

  • The Bitcoin development has seen a 40x improvement in block validation time.
  • This efficiency gain sparks inquiry into the specifics and further possible reductions.
  • The value of further improvements depends on the initial validation times.
Announcing Bitcoin BOSD: Standardized Withdrawal Output Specification for L2s2 replies

By David A. Harding

Involving

Jose Storopoli, Martin Habovštiak

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Original post on February 15, 2025 11:37 UTC

cyclic icon

Last reply on February 19, 2025 02:29 UTC

bitcoin-dev

  • The email discusses enhancing Bitcoin transaction standardness with BIP385 descriptors.
  • It addresses challenges and solutions for transactions exceeding Bitcoin Core's byte limits.
  • Proposed solutions include a simpler, user-friendly local verification method.
How to linearize your cluster48 replies

By jsarenik

Involving

sipa, stefanwouldgo+4 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

  • A programmer shared version 28.1 node mempool data to populate an empty Bitcoin Core node.
  • Provided files include transaction identifiers, a binary file, and a log file, accessible via links.
  • Files should be downloaded to a `tmpfs` directory and imported with `importmempool` for efficiency.
ZK-gossip for lightning channel announcements28 replies

By halseth

Involving

AdamISZ, MattCorallo+3 others

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Original post on January 28, 2025 13:10 UTC

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Last reply on February 20, 2025 16:04 UTC

delvingbitcoin

  • An innovative method improves signature verification efficiency using a blinded key.
  • SHA-512 hashing's impact on runtime has led to exploring alternative hash functions.
  • Possible solutions include adopting `poseidon2` or leveraging Risc0 precompile for optimization.
Hybrid Jamming Mitigation: Results and Updates10 replies

By Purpletimez

Involving

carla, morehouse+2 others

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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

  • Reputation dynamics in jamming networks focus on attacker's reputation and revenue fluctuations.
  • Proposed mitigation involves a decaying algorithm to address jamming activities over time.
  • Suggests compensating all nodes in jamming path and adjusting economic incentives for routing.
Proposing a P2QRH BIP towards a quantum resistant soft fork8 replies

By vazertuche

Involving

cryptoquick, 0xfffffffa+2 others

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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

  • The discussion proposes proactive measures against quantum threats to Bitcoin, suggesting quantum-resistant address development.
  • A suggested integration combines ECDSA, Schnorr, and Lamport signatures in SegWit v2 addresses for immediate wallet adoption.
  • The strategy also involves leveraging taproot addresses for quantum attack deterrence and setting a groundwork for future quantum-resistant technologies.
Best-(Worst-)Case MEVil Response5 replies

By ariard

Involving

MattCorallo, 7d5x9+1 other

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Original post on February 20, 2025 16:08 UTC

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Last reply on February 21, 2025 23:58 UTC

delvingbitcoin

  • MEV emerges as financial incentives for miners to optimize transaction values, introducing MEVil as exploitative.
  • A proposed "mevpool marketplace" could replace private mempool services, allowing bids for transaction inclusions.
  • Critiques focus on the realism of ensuring block template integrity, highlighting the need for innovative solutions.
Antoine Poinsot on Bitcoin Core's Priorities4 replies

By ariard

Involving

ajtowns, AntoineP+1 other

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Original post on February 21, 2025 16:47 UTC

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Last reply on February 23, 2025 08:37 UTC

delvingbitcoin

  • Bitcoin Core's broad user base influences its development priorities.
  • The average Bitcoin Core user's profile, system preferences, and motivations are examined.
  • The discussion highlights user engagement levels and their impact on development strategies.
Stats on orphanage overflows2 replies

By glozow

Involving

0xB10C

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Original post on February 5, 2025 14:48 UTC

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Last reply on February 18, 2025 20:36 UTC

delvingbitcoin

  • Over 10 million removals occurred across all nodes on September 14, 2024.
  • Node Alice experienced an alarming orphan removal rate, suggesting a deliberate system overload.
  • Proposals to enhance system capacity and prevent orphans are being considered for Bitcoin's repository.
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