Episode notes
In this episode of Bitcoin, Explained, Aaron and Sjors explain OP_VAULT, a proposed op code that would enable an elegant type of vaults through Bitcoin’s scripting language.
For more information, also see:
https://github.com/bitcoin/bips/blob/c589490f98ba1b0c606d0e2030463f1fde54b786/bip-vaults.mediawiki
Chapters
00:00:00 Trial update and listener boosts
00:02:39 What Bitcoin vaults protect against
00:10:09 Hot wallets and pre-signed vault designs
00:15:18 OP_VAULT: a more flexible soft fork
00:18:10 OP_UNVAULT and delayed withdrawals
00:22:58 Recovering funds to a secure backup
00:25:12 Walking through the vault scripts
00:29:54 Change, address reuse and aggregation
00:34:39 Comparing OP_CTV and general covenants
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Episode Sponsor: https://voltage.cloud/
Sjors New Book: https://www.amazon.com/Bitcoin-Technical-innovations-Sjors-Provoost/dp/9090360425
