👉 Bitcoin Optech #156

  • describes a set of BIPs for output script descriptors
  • summarizes a proposal to create a set of standards documents for LN protocol extensions and application interoperability
  • discusses standardizing support for pre-trusted zero-conf channel opens
  • includes third post in the series about preparing for taproot: Taproot descriptors:

Although descriptors are currently only used by a few projects, they and the related miniscript project have the potential to significantly improve interoperability between different wallets and tools. This will become increasingly important as more users take advantage of the benefits of taproot to improve their security through multisignatures and their resiliency through backup spending conditions.