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Join Bitcoin Optech as we discuss Bitcoin and Lightning technology each week and review our newsletters. https://bitcoinops.org/
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140 episódios
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Join Bitcoin Optech as we discuss Bitcoin and Lightning technology each week and review our newsletters. https://bitcoinops.org/
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1 Bitcoin Optech: Newsletter #346 Recap 1:21:47
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Mark “Murch” Erhardt and Mike Schmidt are joined by Matt Morehouse, Yong Yu, Alejandro De La Torre, Jan B, and Marco De Leon to discuss Newsletter #346 . News ● Discussion of LND's dynamic feerate adjustment system (1:24) Changes to services and client software ● Wally 1.4.0 released (17:17) ● Bitcoin Core Config Generator announced (18:05) ● A regtest development environment container (18:55) ● Explora transaction visualization tool (20:17) ● Hashpool v0.1 tagged (21:35) ● DMND launching pooled mining (24:36) ● Krux adds taproot and miniscript (22:21) ● Source-available secure element announced (23:01) ● Nunchuk launches Group Wallet (45:04) ● FROSTR protocol announced (46:03) ● Bark launches on signet (46:57) ● Cove Bitcoin wallet announced (48:43) Releases and release candidates ● Bitcoin Core 29.0rc2 (50:38) Notable code and documentation changes ● Bitcoin Core #31649 (1:03:19) ● Bitcoin Core #31283 (37:27) ● Eclair #3037 (1:15:29) ● LND #9546 (1:16:33) ● LND #9458 (1:17:17) ● BTCPay Server #6581 (1:18:10) ● BDK #1839 (1:20:59) ● BOLTs #1233 (15:39)…
Mark “Murch” Erhardt and Mike Schmidt are joined by Sindura Saraswathi, Christian Kümmerle, and Stéphan Vuylsteke to discuss Newsletter #345 . News ● P2P traffic analysis (1:35) ● Research into single-path LN pathfinding (6:45) ● Probabilistic payments using different hash functions as an xor function (21:17) Bitcoin Core PR Review Club ● Stricter internal handling of invalid blocks (26:12) Releases and release candidates ● Eclair v0.12.0 (37:49) Notable code and documentation changes ● Bitcoin Core #31407 (38:52) ● Eclair #3027 (43:22) ● Eclair #3007 (44:17) ● Eclair #2976 (44:57) ● LDK #3608 (47:17) ● LDK #3624 (48:12) ● LDK #3016 (50:28) ● LDK #3629 (52:15) ● BDK #1838 (53:06)…

1 Bitcoin Optech: Newsletter #344 Recap 1:21:44
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Mark “Murch” Erhardt and Mike Schmidt are joined by Matt Morehouse, Matt Corallo, and Hunter Beast to discuss Newsletter #344 . News ● Disclosure of fixed LND vulnerability allowing theft (0:57) ● Discussion about Bitcoin Core's priorities (10:49) Changing consensus ● Bitcoin Forking Guide (1:01:11) ● Update on BIP360 pay-to-quantum-resistant-hash (P2QRH) (34:37) ● Private block template marketplace to prevent centralizing MEV (21:06) Releases and release candidates ● Core Lightning 25.02 (1:09:57) Notable code and documentation changes ● Eclair #3019 (1:11:21) ● Eclair #3016 (1:12:05) ● LDK #3342 (33:13) ● Rust Bitcoin #4114 (1:12:50) ● Rust Bitcoin #4111 (1:14:29) ● BIPs #1758 (1:15:09) ● BIPs #1750 (1:17:07) ● BIPs #1712 (1:18:10)…
Dave Harding and Mike Schmidt discuss Newsletter #343 .
Dave Harding and Mike Schmidt are joined by Bastien Teinturier and Joost Jager discuss Newsletter #342 . News ● Allowing mobile wallets to settle channels without extra UTXOs (0:59) ● Continued discussion about an LN quality of service flag (13:14) Changes to services and client software ● Ark Wallet SDK released (40:28) ● Zaprite adds BTCPay Server support (40:57) ● Iris Wallet desktop released (41:21) ● Sparrow 2.1.0 released (41:41) ● Scure-btc-signer 1.6.0 released (42:38) ● Py-bitcoinkernel alpha (43:48) ● Rust-bitcoinkernel library (44:30) ● BIP32 cbip32 library (45:56) ● Lightning Loop moves to MuSig2 (46:22) Notable code and documentation changes ● Bitcoin Core #27432 (47:01) ● Bitcoin Core #30529 (48:29) ● Bitcoin Core #31384 (49:42) ● Core Lightning #8059 (50:52) ● Core Lightning #7985 (53:41) ● Core Lightning #7887 (54:32) ● Eclair #2967 (26:06) ● Eclair #2979 (32:24) ● Eclair #3002 (34:32) ● LDK #3575 (57:35) ● LDK #3562 (23:51) ● BOLTs #1205 (26:13)…
Mark “Murch” Erhardt and Mike Schmidt discuss Newsletter #341 . News ● Continued discussion about probabilistic payments (0:34) ● Continued discussion about ephemeral anchor scripts for LN (7:26) ● Stats on orphan evictions (14:31) ● Updated proposal for updated BIP process (27:08) Bitcoin Core PR Review Club ● Cluster mempool: introduce TxGraph (35:43) Releases and release candidates ● LND v0.18.5-beta (43:48) ● Bitcoin Inquisition 28.1 (44:10) Notable code and documentation changes ● Bitcoin Core #25832 (51:43) ● Eclair #2989 (55:49) ● LDK #3440 (56:36) ● LND #9470 (57:14) ● BTCPay Server #6580 (58:15)…

1 Bitcoin Optech: Newsletter #340 Recap 2:43:04
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Mark “Murch” Erhardt and Mike Schmidt are joined by Matt Morehouse, Johan Halseth, Pieter Wuille, Sergi Delgado, Bastien Teinturier, Oleksandr Kurbatov, Antoine Poinsot and Bob McElrath to discuss Newsletter #340 . News ● Channel force closure vulnerability in LDK (2:14) ● Zero-knowledge gossip for LN channel announcements (16:01) ● Discovery of previous research for finding optimal cluster linearization (26:29) ● Erlay update (46:38) ● Tradeoffs in LN ephemeral anchor scripts (1:09:50) ● Emulating OP_RAND (1:30:30) ● Discussion about lowering the minimum transaction relay feerate (1:36:33) Changing consensus ● Updates to cleanup soft fork proposal (1:43:46) ● Request for a covenant design supporting Braidpool (2:28:59) ● Deterministic transaction selection from a committed mempool (2:04:52) ● Fast difficulty adjustment algorithm for a DAG blockchain (2:19:24) Releases and release candidates ● BDK Wallet 1.1.0 (2:39:15) ● LND v0.18.5-beta.rc1 (2:39:43) Notable code and documentation changes ● Bitcoin Core #21590 (38:58) ● Eclair #2983 (1:23:30) ● Eclair #2968 (1:27:53) ● LDK #3556 (2:40:31) ● LND #9456 (2:41:10)…

1 Bitcoin Optech: Newsletter #339 Recap 1:15:58
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Mark “Murch” Erhardt and Dave Harding are joined by Matt Morehouse and 0xB10C to discuss Newsletter #339 . News ● Vulnerability in LDK claim processing (0:47) ● Replacement cycling attacks with miner exploitation (17:28) ● Updated stats on compact block reconstruction (23:56) Selected Q&A from Bitcoin Stack Exchange ● Who uses or wants to use PSBTv2 (BIP370)? (32:38) ● In the bitcoin's block genesis, which parts can be filled arbitrarily? (34:41) ● Lightning force close detection (36:47) ● Is a segwit-formatted transaction with all inputs of non-witness program type valid? (40:01) ● P2TR Security Question (41:41) ● What exactly is being done today to make Bitcoin quantum-safe? (44:27) ● What are the harmful effects of a shorter inter-block time? (47:57) ● Could proof-of-work be used to replace policy rules? (51:19) ● How does MuSig work in real Bitcoin scenarios? (54:54) ● How does the -blocksxor switch that obfuscates the blocks.dat files work? (57:18) ● How does the related key attack on Schnorr signatures work? (59:42) Releases and release candidates ● LDK v0.1.1 (1:01:19) Notable code and documentation changes ● Bitcoin Core #31376 (1:03:24) ● Bitcoin Core #31583 (1:04:48) ● Bitcoin Core #31590 (1:05:40) ● Eclair #2982 (1:07:17) ● BDK #1614 (1:11:39) ● BOLTs #1110 (1:12:08)…
Mark “Murch” Erhardt and Mike Schmidt are joined by Andrew Toth and Dave Harding to discuss Newsletter #338 . News - Draft BIP for unspendable keys in descriptors (0:49) - PSBTv2 integration testing (9:55) - Correction about offchain DLCs (15:25) Changes to services and client software - Bull Bitcoin Mobile Wallet adds payjoin (28:10) - Bitcoin Keeper adds miniscript support (28:52) - Nunchuk adds taproot MuSig2 features (29:26) - Jade Plus signing device announced (32:08) - Coinswap v0.1.0 released (32:36) - Bitcoin Safe 1.0.0 released (35:14) - Bitcoin Core 28.0 policy demonstration (35:41) - Rust-payjoin 0.21.0 released (36:21) - PeerSwap v4.0rc1 (37:34) - Joinpool prototype using CTV (38:24) - Rust joinstr library announced (39:58) - Strata bridge announced (40:36) Releases and release candidates - BTCPay Server 2.0.6 (41:41) Notable code and documentation changes - Bitcoin Core #31397 (42:19) - Eclair #2896 (44:21) - LDK #3408 (46:02) - LND #9405 (47:57)…
Mark “Murch” Erhardt and Mike Schmidt are joined by vnprc to discuss Newsletter #337 . News - Continued discussion about rewarding pool miners with tradeable ecash shares (0:35) - Offchain DLCs (38:32) Releases and release candidates - LDK v0.1 (39:34) Notable code and documentation changes - Eclair #2936 (41:32) - Rust Bitcoin #3792 (42:46) - BDK #1789 (43:42) - BIPs #1687 (46:39) - BIPs #1396 (50:15)…
Mark “Murch” Erhardt and Mike Schmidt are joined by Abubakar Sadiq Ismail, Gregory Sanders, and Daniel Roberts to discuss Newsletter #336 . News Investigating mining pool behavior before fixing a Bitcoin Core bug (1:07) Contract-level relative timelocks (15:04) Multiparty LN-Symmetry variant with penalties for limiting published updates (29:06) Releases and release candidates Bitcoin Core 28.1 (39:54) BDK 0.30.1 (40:45) LDK v0.1.0-beta1 (42:01) Notable code and documentation changes Bitcoin Core #28121 (42:22) BDK #1592 (43:14)…

1 Bitcoin Optech: Newsletter #335 Recap 1:37:27
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Dave Harding and Mike Schmidt are joined by Yuval Kogman, Jeremy Rubin, and Steve Myers to discuss Newsletter #335 . News Deanonymization attacks against centralized coinjoin (1:39) Updated ChillDKG draft (14:09) Changing consensus CTV enhancement opcodes (18:41) Adjusting difficulty beyond 256 bits (31:52) Transitory soft forks for cleanup soft forks (33:44) Quantum computer upgrade path (48:09) Consensus cleanup timewarp grace period (56:10) Releases and release candidates BDK wallet-1.0.0 (1:06:44) LND 0.18.4-beta (1:17:28) Core Lightning v24.11.1 (1:18:13) Bitcoin Core 28.1rc2 (1:18:47) LDK v0.1.0-beta1 (1:19:37) Notable code and documentation changes Bitcoin Core #31223 (1:20:19) Eclair #2888 (1:21:09) LDK #3495 (1:22:35) LDK #3436 (1:24:31) LDK #3435 (1:25:02) LDK #3365 (1:26:04) LDK #3340 (1:26:41) BDK #1670 (1:28:47) BIPs #1689 (1:31:45) BIPs #1697 (1:33:49) BLIPs #52 (1:34:21) BLIPs #54 (1:35:40)…

1 Bitcoin Optech: Newsletter #334: 2024 Year-in-Review Special Recap 1:59:40
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Mark “Murch” Erhardt and Mike Schmidt are joined by Dave Harding, Niklas Gögge, Gloria Zhao, and Rearden to discuss Newsletter #334: 2024 Year-in-Review Special . January Fee-dependent timelocks (16:18) Optimized contract protocol exits (17:20) LN-Symmetry proof-of-concept implementation (18:22) February Replace by feerate (22:32) Human-readable payment instructions (27:25) Improved ASMap generation (28:09) LN dual funding (32:33) Trustless betting on future feerates (32:56) Summary 2024: Vulnerability disclosures (7:05) March BINANAs and BIPs (33:33) Enhanced feerate estimation (34:41) More efficient transaction sponsorship (46:08) April Consensus cleanup (50:06) Reforming the BIPs process (51:08) Inbound routing fees (53:10) Weak blocks (54:01) Restarting testnet (57:43) Developers arrested (1:00:06) Summary 2024: Cluster mempool (1:01:10) May Silent payments (1:06:51) BitVMX (1:07:37) Anonymous usage tokens (1:09:50) LN channel upgrades (1:12:00) Ecash for pool miners (1:13:33) Miniscript specification (1:14:54) Utreexo beta (1:16:16) June LN payment feasibility and channel depletion (1:18:17) Quantum-resistant transaction signing (1:20:02) Summary 2024: P2P transaction relay (1:20:39) July Blinded paths for BOLT11 invoices (1:31:07) ChillDKG key generation for threshold signatures (1:31:47) BIPs for MuSig and threshold signatures (1:32:18) August Hyperion network simulator (1:33:00) Full RBF (1:33:56) Summary 2024: Covenants and script upgrades (2:08) September Hybrid jamming mitigation tests and tweaks (1:35:10) Shielded CSV (1:38:40) LN offline payments (1:41:22) October BOLT12 offers (1:42:34) Mining interfaces, block withholding, and share validation cost (1:43:13) Summary 2024: Major releases of popular infrastructure projects (1:50:41) November SuperScalar timeout tree channel factories (1:51:19) Fast and cheap low-value offchain payment resolution (1:53:29) Summary 2024: Bitcoin Optech (1:55:17)…

1 Bitcoin Optech: Newsletter #333 Recap 1:34:25
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Mark “Murch” Erhardt and Mike Schmidt are joined by Dave Harding, /dev/fd0, and Gloria Zhao to discuss Newsletter #333 . News Vulnerability allowing theft from LN channels with miner assistance (1:11) Deanonymization vulnerability affecting Wasabi and related software (12:00) Insights into channel depletion (18:12) Poll of opinions about covenant proposals (31:14) Incentive-based pseudo-covenants (41:49) Bitcoin Core developer meeting summaries (46:45) Bitcoin Core PR Review Club Track and use all potential peers for orphan resolution (48:18) Changes to services and client software Java-based HWI released (1:00:32) Saving Satoshi Bitcoin development education game announced (1:01:24) Neovim Bitcoin Script plugin (1:02:19) Proton Wallet adds RBF (1:03:36) Selected Q&A from Bitcoin Stack Exchange How long does Bitcoin Core store forked chains? (1:03:51) What is the point of solo mining pools? (1:05:02) Is there a point to using P2TR over P2WSH if I only want to use the script path? (1:11:17) Releases and release candidates Core Lightning 24.11 (1:13:23) BTCPay Server 2.0.4 (1:16:59) LND 0.18.4-beta.rc2 (1:17:23) Bitcoin Core 28.1RC1 (1:17:44) BDK 1.0.0-beta.6 (1:18:36) Notable code and documentation changes Bitcoin Core #31096 (1:18:58) Bitcoin Core #31175 (1:19:51) Bitcoin Core #31112 (1:21:37) LDK #3446 (1:22:56) Rust Bitcoin #3682 (1:26:13) BTCPay Server #5743 (1:27:17) BDK #1756 (1:30:23) BIPs #1535 (1:31:12) BOLTs #1180 (1:32:33)…

1 Bitcoin Optech: Channel Depletion Research Deep Dive Podcast 58:18
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Dave Harding and Mike Schmidt are joined by René Pickhardt and Christian Decker to discuss Pickhardt’s Lightning Network channel depletion research . Summary of Pickhardt's research (1:01) Why look at wealth distributions? (5:45) What can be learned from depletion? (11:38) Circular rebalancing (13:33) What determines where the spanning tree is? (15:28) Mitigating depletion (20:14) Adjacent channels and their impact (26:39) Multiparty channels, channel factories, and Ark (29:52) Hub-and-spoke topology discussion (41:06) What real world data would inform the theoretical? (54:54)…
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