Re: 1000x throughput on transaction batching + privacy boost using Script Bitfields.
Just noticed this,
https://github.com/JeremyRubin/bips/blob/op-checkoutputshashverify/bip-coshv.mediawiki
from,
https://twitter.com/JeremyRubin/status/1130580983923654661
Seems similar, although the implementation is different. Some great use cases.
This bit rang..
Nice name..
https://github.com/JeremyRubin/bips/blob/op-checkoutputshashverify/bip-coshv.mediawiki
from,
https://twitter.com/JeremyRubin/status/1130580983923654661
Seems similar, although the implementation is different. Some great use cases.
This bit rang..
Quote
Congestion Controlled Transactions
When there is a large demand for blockspace it can become very expensive to make payments. By using CHECKOUTPUTSHASHVERIFY, a large volume payment processor may aggregate all their payments into a single O(1) transaction for purposes of confirmation. Then, some time later, the payments can be expanded out of that UTXO when the demand for blockspace is decreased.
When there is a large demand for blockspace it can become very expensive to make payments. By using CHECKOUTPUTSHASHVERIFY, a large volume payment processor may aggregate all their payments into a single O(1) transaction for purposes of confirmation. Then, some time later, the payments can be expanded out of that UTXO when the demand for blockspace is decreased.
Nice name..