Episode notes
In this episode of Bitcoin, Explained, Aaron (@AaronvanW) and Sjors (@provoost) explain Partially Signed Bitcoin Transactions (PSBTs), discussing what problems they solve, how they work, and some of the ways they are used. In the last part of the episode, the hosts zoom in on one particular PSBT use case called Dutch Auctions, which Bitcoin Magazine recently used to sell ordinals.
Chapters
00:00:00 Introduction and boostagrams
00:03:02 Why Bitcoin wallets need PSBTs
00:06:45 Checking change addresses and transaction fees
00:09:43 The PSBT standard and transaction fields
00:14:08 Hardware wallets and HWI integration
00:18:35 Ordinals and Dutch auctions
00:20:55 Buying and selling with incomplete PSBTs
00:23:41 Dutch auction pricing, timelocks and fee wars
00:28:52 Extending PSBTs with new and proprietary fields
Episode Sponsor: https://voltage.cloud/
Sjors New Book: https://btcwip.com/
