Viewing posts for the category Cryptography
The weekend of April 4th-5th 2020 we had a remote "Lightning Hacksprint" organized by the ever-excellent Fulmo, one Challenge was related to "Payment Points" (see here; see lots more info about the hacksprint at that wiki) and was based around a new innovation recently seen in the world of adaptor signatures. Work was led by Nadav Kohen of Suredbits and Jonas Nick of Blockstream; the latter's API for the tech described below can be seen currently as a PR to the secp256k1 project here. The output from Suredbits was a demo as show here on their youtube, a PTLC (point time locked contract, see their blog for more details on that).
This blog post is all about this paper by David Wagner from 2002.
The idea of a ring signature (the term itself is a bit sloppy in context, but let's stick with it for now) is simple enough:
How sure are you that the cryptography underlying Bitcoin is secure? With regard to one future development of Bitcoin's crypto, in discussions in public fora, I have more than once confidently asserted "well, but the Schnorr signature has a security reduction to ECDLP". Three comments on that before we begin:
This post was mostly prompted by a long series of discussions had online and in person with many people, including in particular Adam Back and Tim Ruffing (but lots of others!) - and certainly not restricted to discussions I took part in - about the tradeoffs in a version of Bitcoin that does actually use Confidential Transactions.
Adam Gibson (23)