Bitcoin, Explained — The Technical Side of Bitcoin

Payment Pools and Taproot - NADO 6

In this episode of the Van Wirdum Sjorsnado, Sjors and Aaron discuss the future of Bitcoin Scaling. This podcast is all about Taproot and the cool feature it enables called Payment pools.  Topics What are payment pools? ...

2020-09-25

Episode notes

In this episode of the Van Wirdum Sjorsnado, Sjors and Aaron discuss the future of Bitcoin Scaling. This podcast is all about Taproot and the cool feature it enables called Payment pools.


Topics


What are payment pools? Why they need Taproot. The UX of sharing UTXOs How Payment pools work with lightningHelpful Links:


https://bitcoinmagazine.com/articles/building-on-taproot-payment-pools-could-be-bitcoins-next-layer-two-protocol


Chapters


00:00:00 Sharing a UTXO: payment pools and multisig

00:05:06 Presigned exits and payment channels

00:07:54 Taproot makes pools private and compact

00:09:15 Private payments, balances and pool membership

00:16:18 Off-chain updates and ANYPREVOUT

00:17:56 Hosting Lightning channels inside a pool

00:20:07 Unilateral exits and the factorial design problem

00:26:00 Splitting the exit tree into groups

00:28:20 Covenants, CTV and safer withdrawals

00:32:30 Implementation complexity and long-term scaling


Support the Show!


Follow Bitcoin Magazine on Twitter @BitcoinMagazine


Follow Aaron van Wirdum @AaronvanW


Follow Sjors Provoost @provoost


Music:


Song Title: Segwit Sounds


By: The NakamoTones


Album: Citadel Music


Produced by: Bitcoin Audio