I still don’t really understand how this works on a technical level.
A bunch of users coordinate through some wallet or protocol and group their transactions into one UTXO with defined spending conditions which don’t have to be unrolled on chain? How often would they have to update that agreement and under what circumstances would it all actually get unrolled on chain?
Yes the shared utxo would have predefined conditions or a 'contract' that doesn't require hardly any updates, and is only executed on-chain when specific agreed-upcon conditions are met, like certain time lapses or actions.
It definitely sounds interesting - I’m just very conservative with what I run on my node. I’m purposefully many versions of core behind the latest release. But if it requires no changes on my end, more power to you, and if it goes well I’ll experiment myself.
Has anyone done this on Litecoin yet?
