Advancing Bitcoin Security Standards

This chapter explores the integration of Partially Signed Bitcoin Transactions (PSBT) and emphasizes the importance of open standards in enhancing security and collaboration within the cryptocurrency space. It discusses the complexities of key cryptography, nonce management, and the potential risks of USB-connected hardware wallets, advocating for innovative solutions to improve user experience and secure transaction processes. The necessity of rigorous security protocols, including RFC 6979, is highlighted, focusing on the need for layered defenses to protect against vulnerabilities in signing technologies.