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Podcast: The World Crypto Network Podcast
Episode: The Design of the Schnorr BIP ~ bitcoin-dev Mailinglist
Description: Here are two BIP drafts that specify a proposal for a Taproot softfork. A number of ideas are included: * Taproot to make all outputs and cooperative spends indistinguishable from eachother. * Merkle branches to hide the unexecuted branches in scripts. * Schnorr signatures enable wallet software to use key aggregation/thresholds within one input. * Improvements to the signature hashing algorithm (including signing all input amounts). * Replacing OP_CHECKMULTISIG(VERIFY) with OP_CHECKSIGADD, to support batch validation. * Tagged hashing for domain separation (avoiding issues like CVE-2012-2459 in Merkle trees). * Extensibility through leaf versions, OP_SUCCESS opcodes, and upgradable pubkey types. The BIP...