Below is a live excerpt from Marty’s bento Issue #1236: “Blockstream has made some progress on signature aggregation research.” Sign up for the newsletter here,
There’s a lot of noise right now. The price of bitcoin has plummeted, people are restless and a lot of attention is being drawn to things that will have little impact on bitcoin in the long run. Amidst all this noise, Blockstream released a blog post this evening in which they explained progress on signature aggregation research. If it proves safe and worthwhile to add to the bitcoin stack, signature aggregation could bring massive data-efficiency benefits to the network as well as open up more unique use cases through non-interactive features. which will enable it.
If you just want to distract yourself from all the noise or just get back to basics, I highly recommend that you check out the post from Blockstream and click on all the links it contains. You’ll learn about the history of the idea, how Blockstream iterated on it, the technical details of its current implementation, and how it could benefit the network and those of us who use it. If anything, it will remind you of the fact that bitcoin is at the bleeding edge of computer science, cryptography, and distributed systems. I recommend caution because the higher you fall below the signature aggregation rabbit hole, the more bullish you can become.
Salute to the many unsung heroes who are working diligently behind the scenes in relative obscurity to conduct this research. Research that could have a profound impact on the way individuals interact with bitcoin and, by extension, how the global economy handles particular aspects of coordination in the future. This is the stuff that really matters at the end of the day.
Go ahead and increase your knowledge.