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Galaxy Brains
Making Bitcoin Magical w/ Rijndael (Taproot Wizards)
Apr 4, 2024
Rijndael, CTO of Taproot Wizards, discusses the future of bitcoin, Taproot Wizards roadmap, and making Bitcoin engaging through NFT collections. The episode also covers market analysis by Beimnet Abebe from Galaxy Trading, market conditions, supply-demand dynamics, and the role of Bitcoin in hedging against monetary debasement.
01:22:30
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Quick takeaways
- Op_CAT offers expanded Bitcoin functionality through complex encumbrances and operations.
- Limiting data carrier sizes in Bitcoin transactions may increase miner centralization and impede innovation.
Deep dives
Understanding Op_Cat's Functionality
Op_CAT, a deactivated opcode formerly in Bitcoin, was removed by Satoshi due to concerns about a possible denial of service vulnerability. However, its capabilities once made it possible to build more expressive encumbrance functions in Bitcoin transactions. These functionalities included enabling larger arithmetic calculations, Merkle tree verifications, and enforcing the use of specific nonces in signatures to enhance security.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode