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Stephan Livera Podcast
Covenant Use Cases & TXHASH with Steven Roose (SLP541)
Jan 14, 2024
Steven Roose, an expert in covenant uses and TXHASH, joins Stephan Livera to discuss covenant use cases, TXHASH, the scope of changes, and commercial viability. They explore the benefits and concerns of coin restriction, the advantages of TXHASH over CTV, and the potential of cycling coins. The podcast also covers concerns about unintentional enablement, the comparisons and potential of TXHASH, payment pools, and the commercial viability of covenant use cases.
01:13:38
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Quick takeaways
- Transaction templating simplifies lightning network setup and improves security.
- Covenant-enabled lightning symmetry enhances scalability and payment features.
Deep dives
Transaction templating
Transaction templating is a use case enabled by covenants that eliminates the need for pre-signed transactions. Instead of creating pre-signed transactions for off-chain protocols like lightning, participants can use covenant conditions within the existing script to determine spending. This simplifies protocol setup and improves security by removing the need to trust that the other party has deleted their pre-signed transaction.
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