How Blockchain Commons Is Improving Individual Access To The Bitcoin Network

The under is a direct excerpt of Marty’s Bent Issue #1144: “Gordian principles and software standards.” Sign up for the e-newsletter right here.

by way of Blockchain Commons

I had the pleasure of sitting down and interviewing Christopher Allen and Wolf McNally from the Blockchain Commons mission earlier this afternoon. Blockchain Commons is a gaggle of open supply builders targeted on constructing open supply instruments and requirements with interoperability in thoughts. I totally loved the dialog as a result of it compelled me to get again to first rules and suppose deeply concerning the precedents which are being set as we speak by these constructing software program that offers with a person’s entry to the Bitcoin community.

There are so many small particulars which were abstracted away by pockets software program that the majority customers are fully unaware of when creating their key pairs. Is it a single sig or a multisig? What is the derivation path of the actual xpub you might be utilizing to supply obtain addresses? Is your pockets software program capable of assemble and/or broadcast pre-signed bitcoin transactions (PSBTs)? This might sound like gibberish to lots of you freaks, however these small particulars matter. And, extra importantly, preserving these small particulars in thoughts to loosely agree upon base degree requirements for these constructing pockets software program in order that customers of various wallets can transact with one another seamlessly. With the overarching aim being to attenuate the stress round securing sats whereas sustaining greater than ample sovereignty and privateness.

The selections we make as we speak round greatest practices when constructing pockets software program may have a fabric impact on the flexibility of customers with completely different wallets to transact with one another with the utmost confidence. Creating requirements that keep true to the Gordian rules put forth by the staff at Blockchain Commons looks as if a good suggestion to me.


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