> It gets better! There is another technology coming to Bitcoin called Schnorr Signatures.
Today when a CoinJoin transaction has 100 inputs, then it must hold 100 signatures as well. With Schnorr, we can do it with only one signature. This will make CoinJoin transactions about 3040% cheaper than normal transactions.
> What did we achieve here? Making a CoinJoin mixing transaction with a high anonymity set becomes about 30% cheaper than making a transparent, traditional Bitcoin transaction.
Thanks for the feedback! And thank you for working on fungibility!
I agree that it may seem unrealistic to get Bulletproofs on bitcoin as long as there are issues with a potential "inflation attack"
However we should be able go get Schnorr Signatures, that's just a soft fork isn't it..?
It's not totally clear to me from your answer above..Can you please confirm that we can achieve coin-join transactions that are cheaper than normal transactions with the use of Schnorr Signatures only?
So we actually don't need Bulletproofs for this to happen?