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The Chaincode Podcast

Murch and Enterprise Wallets/UTXO Management - Episode 8

Nov 9, 2020
New Chaincode member Murch discusses enterprise wallets and UTXO management. Topics include fee market today, batching transactions, RBF in the wild, SegWit, estimating fees, omnibus wallets, off-chain sending, and Taproot update.
36:01

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Native segwit inputs in transactions can save significantly on fees compared to non-segwit inputs, making it beneficial for enterprises with high transaction volumes to adopt native segwit.
  • Enterprise wallets can optimize block space usage and reduce transaction fees by employing techniques like batching transactions and consolidating small UTXOs overnight.

Deep dives

Reduced fees with native segwit inputs

Native segwit inputs in transactions cost slightly over one third of the fees compared to non-segwit inputs. Enterprises with high transaction volumes can greatly benefit from using native segwit, as it offers significant efficiency gains in block space usage.

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