Why are there different types of SegWit addresses? How much space should we expect to gain with Schnorr signatures and signature aggregation? How does Taproot, as proposed by Pieter Wuille, work and compare with zero-knowledge proofs? What is the implementation timeline for Schnorr signatures, confidential transactions, Taproot, and Graftroot?

See this chart for SegWit compatibility in Bitcoin wallets: https://bitcoinops.org/en/compatibility/

These questions are from the March, April, May, and June monthly patron sessions, which took place on March 30th, April 20th, May 25th, and June 29th 2019 respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in Bitcoin. He is the author of “Mastering Bitcoin,” “The Internet of Money” series, and “Mastering Ethereum.”

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MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs
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Russian, ‘Интернет денег’ (v1) – https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) – https://alphabooks.vn/khi-tien-len-mang

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25 COMMENTS

  1. 13:30 just to be clear, keys themselves are not being signed. Rather, the transaction is being signed using the 3 separate private keys. A single (combined) signature and single (combined) public key is published with the transaction. This hides the script details (3 participants etc) from those watching the blockchain.

    HTH

  2. Exchanges don’t seem keen on native Segwit. Binance, Bittrex and Poloniex among others refuse to send to a bc1– address when a user tries to withdraw BTC to his own wallet. Why this reluctance by exchanges?

  3. Ever though about…: what if segwit gets forked off and one sits on the native segwit branch? Everybody holding legacy (e.g. the miners) gets both token after the fork and the all the normal people holding segwit/ bc1? Can be dumped. Isn't this an attac vector?

  4. With segwit signatures are already outside the 1MB block, they do have a size limit too, but they do not compete for the 1 MB for the transaction, and even if every transaction was to use segwit, we run out of space on the 1MB block before the witness part run out of space.

    So Schnorr signatures save space from signatures, which will make the blockchain more efficient, but it will not allow more transactions to fit on a block, right? I am missing something?

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