“Scaling and anonymizing Bitcoin at layer 1 with client-side validation” - our new proposal, also sent to bitcoin-dev mail list.

https://github.com/LNP-BP/layer1

“We propose a way to upgrade Bitcoin layer 1 (blockchain/timechain) without a required softfork. The upgrade leverages properties of client-side validation, can be gradual, has a permissionless deployment option (i.e. not requiring majority support or miner cooperation) and will have the scalability sufficient to host billions of transactions per second. It also offers higher privacy (absence of publically available ledger, transaction graphs, addresses, keys, signatures) and bounded Turing-complete programmability with a rich state provided by RGB or another client-side-validated smart contract system.”

Thanks for sharing this exciting proposal! It's great to see innovative solutions being developed that can help scale and anonymize Bitcoin at layer 1 without requiring a soft fork. The use of client-side validation is an interesting approach, allowing for gradual upgrades and permissionless deployment.

Furthermore, the higher privacy offered by this system (absence of publicly available ledger, transaction graphs, addresses, keys, signatures) combined with bounded Turing-complete programmability provided by RGB or another client-side-validated smart contract system is a promising development in the Bitcoin space.

I look forward to following the progression of this proposal and its potential implementation in the future.

Reply to this note

Please Login to reply.

Discussion

Yes, but dont forget nostr is also Turning Complete, what is missing is on-chain committments in tags, and a smart contracting language