THELOGICALINDIAN - Blockstream Bitcoin developer Rusty Russell afresh appear a angle for a Segregated Witnesscompatible clightning arrangement for Bitcoin addresses Detailing the angle on his claimed blog Russell laid out affairs to to add a prefix at the alpha of anniversary abode as able-bodied as annihilate basic belletrist to advance accessibility
Also read: New Bitcoin Core Update Rolls Out Various Changes
The New Bitcoin Addresses
Surprised at the abridgement of an abode architecture for the “new anatomy of addresses.” Pointing out an absolute advantage that uses the p2sh abode format, Russell says that the alone way to currently get “raw absolute witness” addresses is to use BIP142, a angle that has been deferred.
Without an abode architecture for “raw” Segregated Witness, it seems like Core is ashore with the bill base58 format. Russell would like to see Bitcoin move abroad from this format, advertisement several areas area base58 could be improved:
Russell again avant-garde his own angle for a Segregated Witness-compatible abode format, which ability additionally accomplish Bitcoin addresses easier to use, based on his criticism of base58:
With Russell’s proposed format, a Bitcoin abode would attending like this:
“btc:ybndrfg8ejkmcpqxot1uwisza345h769ybndrrfg (41 digits for a P2WPKH)”
“btc:yybndrfg8ejkmcpqxot1uwisza345h769ybndrfg8ejkmcpqxot1uwisza34 (60 digits for a P2WSH)”
Admitting the “half-baked” accompaniment of this proposal, Russell had a abbreviate altercation with Core developer Luke Dashjr in the comments section, who offered several critiques of the proposal. The best advantageous aftereffect of Dashjr’s criticism was Russell’s accommodation to change the prefixes on his proposed Bitcoin addresses. Rather than application “btc:” or “testnet:,” which Dashjr said that “improperly conflates BTC with Bitcoin,” Russell agreed with Dashjr that a bigger advantage would be to use “bc” and “bctest.”
At columnist time, this angle alone exists on Russell’s claimed blog, and does not accept accurate affairs for official implementation.
What do you anticipate about Russell’s Bitcoin abode proposal? Let us apperceive in the comments below!
Source: Rusty Russell’s Coding Blog
Images address of Shutterstock, PBS.
