Re: [bitcoin-dev] BIPs - notarization protocol and decentralized storage

2021-04-21 Thread Prayank via bitcoin-dev
Hello Christopher, Decentralized storage as an idea looks interesting. I am researching about similar things for one of my Bitcoin project. Although an implementation or proof of concept code in the BIP would have been better. Also since this involves LN, maybe it can just be a LN project inste

Re: [bitcoin-dev] Block weight penalty for UTXO set growth

2021-04-21 Thread Prayank via bitcoin-dev
Hello Yanmaani, Incentives for UTXO consolidation already exists IMO. 1.If UTXO consolidation is done when fee rates are low (less congestion in mempool), it helps in saving money in lot of cases. Example:  https://bitcoin.stackexchange.com/a/100811/ 2.If running full node for Bitcoin, it will h

Re: [bitcoin-dev] BIPs - notarization protocol and decentralized storage

2021-04-21 Thread Christopher Gilliard via bitcoin-dev
Thanks Prayank. I think the next step for both of these proposals is to define an API. I thought about including that in the BIPs and decided it wasn't necessary yet to get the ideas across initially. Maybe when the APIs are defined they could go into the BIP, but it's probably better to have in a

[bitcoin-dev] Decentralized Naming Protocol BIP

2021-04-21 Thread Christopher Gilliard via bitcoin-dev
I have created an additional BIP that is associated with the recent BIPs that I have sent to the mailing list. This one defines a decentralized naming protocol. The BIP can be found here: https://github.com/cgilliard/bips/blob/naming/bip-.mediawiki Please reply with any feedback, questions, or