Episode notes
Aaron and Sjors welcome their first guest on to the show, Ruben Somsen, to discuss his proposals for Statechains on Bitcoin! Statechains allow you to send keys not UTXO and it offers quite a few scaling and functionality improvements!
Helpful Links:
Ruben’s presentation on Bitcoin Magazine about Statechains:
Aaron’s Bitcoin Magazine article on Statechains: https://bitcoinmagazine.com/articles/statechains-sending-keys-not-coins-to-scale-bitcoin-off-chain
Chapters
00:00:00 Introducing Ruben Somsen and statechains
00:02:55 Off-chain transfers of whole UTXOs
00:06:15 Two keys and unilateral recovery transactions
00:11:15 Overriding old states with eltoo
00:13:01 Trusting the operator and reducing custody risk
00:18:57 Opening Lightning channels on statechains
00:20:49 Implementations before ANYPREVOUT
00:23:33 The state history and public double-spend detection
00:28:06 Scaling layers, adoption and federation tradeoffs
00:31:42 Payment pools, monitoring and nested designs
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