Overview of Eltoo, Covenants, and Vaults on Bitcoin with Rob Clarkson
Show Notes
I talk with Rob Clarkson about scaling Bitcoin’s Layer 2 Lightning protocol, and how changes happen to Bitcoin more generally.
Rob provides a technical introduction to some of the proposals such as ELTOO, APO, CTV, and we talk a bit about what covenants and vaults mean in Bitcoin.
Now I am still trying to work a lot of this out for myself and Rob does well to break it down and explain it. Even though these are quite advanced topics I think it is important to have the discussion and work together to understand what proposed changes to Bitcoin might mean and what the dangers and opportunities are.
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Links:
Rob Clarkson on Twitter - https://twitter.com/r0bertclarkson
Eltoo paper - https://blockstream.com/eltoo.pdf
Kiwi Bitcoin Guide - https://kiwibitcoinguide.org/
SIGHASH_ANYPREVOUT - https://bitcoinops.org/en/topics/sighash_anyprevout/
Arc Layer 2 Protocol - https://brqgoo.medium.com/introducing-ark-6f87ae45e272
Covenants - https://bitcoinops.org/en/topics/covenants/
Base 58 - https://base58.info/
Breez SDK - https://breez.technology/sdk/
Year 2106 problem in Bitcoin - https://bitcoin.stackexchange.com/questions/7393/what-will-happen-when-the-time-field-wraps-around
