Post
Topic
Board Development & Technical Discussion
Merits 2 from 2 users
Re: What is the current status of Schnorr signatures, MAST, Taproot and Graphtroot
by
ETFbitcoin
on 17/08/2019, 08:29:34 UTC
⭐ Merited by Zedpastin (1) ,Pursuer (1)
Hi. It seems that there were no discussions specific to the subject for the last year. So would like to collect a summary regarding the following

There are few threads discuss those improvement you mentioned, such as :
MuSig: Schnorr Multisig and signature aggregation
Taproot proposal
[Schnorr] Should batched verification result in reduced weight per sig?

  • Current status of corresponding BIPs and its development
  • Any kind of technical or economical obstacles for including into Bitcoin Core release
I don't join Bitcoin dev mailing or Bitcoin IRC channel, so i can't answer this one.

  • New opportunities for business and users if that is released
Since all of those improvement offer reduced transaction size and privacy to some degree (except for Graphtroot which i never heard), there are few obvious opportunities :
1. Spend less Bitcoin for transaction fees
2. Prevent release whole script when spend UTXO (on MAST & Taproot)
3. Allow more transaction fit into a block due to reduced transaction size
4. Prevent de-anonymization by analyzing transaction (on Schnorr & Taproot)
5. Improve privacy for those who use mixers and CoinJoin

P.S. it's only high level overview