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jl2012 | What is the main obstacles of committing the UTXO set in every block? Because it takes too long to calculate the hash? | 01:49 |
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bsm117532 | jl2012: Yes. | 06:25 |
jl2012 | thanks | 06:26 |
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Taek | There's more to it. It's a lot of code complexity, and there are a lot of different ways to approach the problem | 06:31 |
Taek | also, it's really only useful for SPV security | 06:31 |
Taek | not that we shouldn't enhance SPV security, but the amount of effort + risk required to pull off utxo commitments didn't really match the reward | 06:32 |
Taek | afaik there have been a lot of people that have worked on it more than a trivial amount, but nobody has presented a full solution yet | 06:32 |
instagibbs | bramc is the latest to take a whack at it. Apparently there are lots of design tradeoffs to be considered. | 06:37 |
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jl2012 | has anyone considered a delayed utxo commitment? For example, block X will commit to the utxo of block X-8, so that will provide enough time to calculate the hash | 06:46 |
sipa | yes | 06:46 |
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sipa | :) | 06:46 |
sipa | imho it's the only type of utxo commitment that is viable to implement in the short term | 06:47 |
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jl2012 | ok, I have a draft for that already and obviously I reinvent some exisiting idea again. | 06:47 |
sipa | i was even thinking about only one commitment every day or week, and commit to the state one day or week back | 06:48 |
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jl2012 | similar idea here..... my idea is to have commitment every 8 blocks, and have spent TXO commitment in every block | 06:50 |
jl2012 | so a relatively compact proof could be generated for any fraud for every block | 06:51 |
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instagibbs | what's the relative cost of validating *txo commitments vs constructing in the most recent schemes? | 07:23 |
sipa | ? | 07:23 |
instagibbs | so im a miner, i receive a block with utxo commitment from 144 blocks ago | 07:24 |
instagibbs | i have to validate it before mining on top(?) | 07:24 |
instagibbs | so the miner who creates the block is able to take its time to construct it, but everyone validating doesn't? | 07:25 |
sipa | yes, every full node will need to do that | 07:25 |
sipa | no, he has 144 blocks time to compute it | 07:25 |
sipa | and so does everyone else | 07:25 |
instagibbs | oh.... yes | 07:25 |
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instagibbs | everyone constructs the tree for every arriving block then in case a commitment is made | 07:26 |
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* instagibbs still waiting for a nice txo wiki as I'm way behind | 07:28 | |
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jl2012 | instagibbs: check https://8333.info later. I'm trying to collect these idea | 07:34 |
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bramc | Here's an encouraging piece of trivial: Mining rewards are handed out at about the same rate that the public spends money on Paris Hilton perfume. | 19:05 |
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tromp | not looking forward to seeing Paris launch Hiltcoin | 19:28 |
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