Hi All,
I would like to propose a BIP which defines new fields for Taproot
support in PSBT.
The full text is below, and the rendered file can be found at
https://github.com/achow101/bips/blob/taproot-psbt/bip-taproot-psbt.mediawiki.
Andrew Chow
---
BIP: taproot-psbt
Layer: Applications
Hi All,
I would like to propose a simple derivation path scheme for keys to be
used in single key Taproot scripts. This is based on BIP 44 so it is
basically identical to BIPs 49 and 84. Like with those BIPs, the actual
value to be used in the purpose level will be set to the BIP number,
once assi
Hey Billy
No, fee sensitive timelocks weren't discussed at any length in the
workshop. The workshops are obviously time limited but if they spur
future discussion and drafted proposals (whether they need soft forks
or not) outside of the workshops that would be great. This idea was
raised in the m
Sure, feel free to continue on this thread for discussion of fee
sensitive timelocks. I'll start a new thread for a summary of today's
second workshop.
On Tue, Jun 22, 2021 at 7:26 PM Billy Tetrud wrote:
>
> > where is the current network fee rate obtained from and how is it fed into
> > the sc
Thanks for the Summary Michael!
It seems like fee-sensitive timelocks weren't discussed too much in the
workshop, unless I'm missing something. I also don't see any downside to it
discussed (other than that it needs a soft-fork). It seems like that would
be a great way to substantially increase th
> where is the current network fee rate obtained from and how is it fed
into the script?
It could be obtained as something like the median transaction fee rate over
a window of X blocks. Its something any full node could easily keep track
of. And as long as hour-level or day-level granularity is
I would be interested in seeing some more information about the benefits of
this approach vs alternatives up front in this write up. Eg how does the
security, cost, usability, and privacy compare to the lightning network,
which would be the most likely competitor to this idea. It seems clear that
t
