Subject: Re: [bitcoin-dev] Compressed Bitcoin Transactions

From: Tom Briar <[email-masked]>
Date: Tue, 16 Jan 2024 17:08:54 +0000

Hi,

In addition to the use cases listed in the schema, such as steganography, satellite, and radio broadcast, an application can be made for Peer-to-peer communication between Bitcoin nodes. Except when compressing the Txid/Vout, which is optional, Transactions can gain up to 30% size savings while still being completely reversible. Furthermore, in a BIP-324 world, these savings are nontrivial.

BIP-324: https://github.com/bitcoin/bips/blob/master/bip-0324.mediawiki
Compressed Transaction Schema: compressed_transactions.md

Thanks-
Tom.