Read_843 - Soft Fork, Covenant Review - Part 1

"Lightning achieved a many-to-one mapping of
transactions to transactions... But creating even a single UTXO
per user is, arguably, not good enough. So there are many
proposals out there to achieve even greater scaling by allowing
multiple users to share a single UTXO in a self-sovereign way.
Again, collapsing another “space” dimension of scaling users into
one UTXO."
— Peter Todd



Today we dive into Peter Todd's recent review of the various
Layer 2 covenant proposals and the soft forks associated with
them to analyze the core concepts, the costs, and benefits of
each. For moving into the next realm of scaling with genuine
"L2's," what are the trade-offs and possibilities for Bitcoin's
future?



Check out the original report for more info and links to dig
further
Soft-Fork/Covenant Dependent Layer 2
Review (Link: https://tinyurl.com/bdey68v4) 



Links to check out


Whitney Webb & Mark Goodwin's research on the Bitcoin
Dollar theory

The Bitcoin Reformation by Tuur Demeester

Lyn Alden's work on banking crises and global financial
systems

Preston Pysh's interview with Paolo Ardoino (Tether CTO)

Guy's previous episode: "The Hard Truth"

AI Unchained - Guy's other podcast on AI and technology

Nostr - decentralized social media platform

Pears.com



 


Host Links


⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney)

⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)

Guy on Instagram (Link:
https://www.instagram.com/theguyswann)

Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)

Guy on YouTube (Link: https://www.youtube.com/@theguyswann)

⁠Bitcoin Audible on X⁠ (Link:
https://twitter.com/BitcoinAudible)

The Guy Swann Network Broadcast Room on Keet (Link:
https://tinyurl.com/3na6v839)




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