Crypto news related to blockchains in our crypto & coffee format
Technology Recap: Bitcoin: Lightning Labs announces the initial code for Taro, a new protocol to issue and transfer assets on the Bitcoin and Lightning network. Core developer, Gloria Zhao, posted to the Bitcoin-Dev mailing list a proposal to allow transactions to opt-in to a modified set of transaction relay policies. This would aid both layer-2 and contract-based protocols. Bitcoin…
Read more Technology Recap: Bitcoin: Suhas Daftuar releases a PR that aims to reduce the bandwidth needed during initial header syncs when a block is found. This will improve synchronization of the blockchain with peers during the Initial Block Download (IBD) and more. Lightning Dev Kit, LDK, has published v0.0.111 which includes support for relaying onion messages! Onion messages are messages…
Read more Technology Recap: Bitcoin: Several wallet developers including ColdCard and Sparrow Wallet have been in talks with developer Ali Sherief regarding a BIP that encompasses a single message signing algorithm used for P2WPKH and other output types. Core developers have been discussing use cases and designs around on-chain transactions that “burn” bitcoins in small increments as a proof of resource…
Read more Technology Recap: Bitcoin: Core Developer Alfred Hodler posted to the Bitcoin-Dev mailing list a proposal to BIP-47. BIP-47 allows a user to publish a payment code that anyone can use in combination with their own keys to create an unlimited number of private addresses that only the two know, aiming to avoid address reuse issues. Ethereum: Tim…
Read more Technology Recap: Bitcoin: Lightning Network Daemon, lnd, announces lnd v0.15-beta! This new release includes full support for Taproot (creating addresses, send/receive, PSBT funding and signing), experimental MuSig2 API, BIP-55 support for neutrino and more! The Lightning Development Kit shares the full background of LDK and the advantages of using LDK for Lightning network development. Ethereum: The Gray Glacier upgrade is scheduled…
Read more Technology Recap: Bitcoin: Rusty Russell proposed a restricted version of an OP_TX opcode that would allow Tapscript to push to the stack selected parts of the transaction executing it. This would allow for CLTV’s (CheckLockTimeVerify) with fewer bytes than a pure transaction and provide flexibility for nodes that validate transactions. The latest Coldcard firmware adds support for Taproot via…
Read more Cryptocurrency Technology Recap Bitcoin: In the latest Bitcoin build, deployers now have a full example bitcoin.conf shipped with each release! If needed, there is also now a script to generate one yourself. As of block 735000, we are halfway through Bitcoin’s 4th mining epoch and less than two years away from the annual inflation rate dropping below 1%.…
Read more Cryptocurrency Technology Recap: Bitcoin: Bitcoin Core v23.0 has been released! This release includes wallet updates with Taproot support, descriptor wallets set as default, ability to indefinitely freeze a UTXO, updates to P2P communications and more! C-Lightning has been rebranded to Core Lightning (CLN). Blockstream aims that CLN will better communicate their focus on interoperability, specification work, and ongoing implementation…
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