- Describes an update to the proposal for ephemeral anchors;
- Includes a contributed field report that outlines miniscript’s ecosystem adoption.
Two guys in a garage are not going to write a software that creates some script on the fly, hope for the best and on top of that call it a security enhancing Bitcoin wallet. We wanted to start a company around the development of Revault, but we wouldn’t get funding without providing some reasonable assurance to an investor we could bring a safe product to market. And we wouldn’t be able to solve all these engineering problems without funding.
Enters miniscript, “a language for writing (a subset of) Bitcoin Scripts in a structured way, enabling analysis, composition, generic signing and more. […] It has a structure that allows composition. It is very easy to statically analyze for various properties (spending conditions, correctness, security properties, malleability, …).” This is exactly what we needed. Armed with this powerful tool, we could give better guarantees to our investors, raise funds, and start the development of Revault.