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Return-Path: <jl2012@xbt.hk>
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To: Praveen Baratam <praveen.baratam@gmail.com>
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Subject: Re: [bitcoin-dev] Why SegWit Anyway?
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Not really. BIP140 might be easier to implement, but in longterm the =
UTXO overhead is significant and unnecessary. There are also other =
benefits of segwit written in BIP141. Some of those are applicable even =
if you are making a new coin.

> On 21 Nov 2017, at 2:07 AM, Praveen Baratam =
<praveen.baratam@gmail.com> wrote:
>=20
> BIP 140 looks like it solves Tx Malleability with least impact on =
current practices. It is still a soft fork though.
>=20
> Finally, if we were to create an alternative cyptocurrency similar to =
Bitcoin, a Normalized Tx ID approach would be a better choice if I get =
it right!
> =E1=90=A7
>=20
> On Mon, Nov 20, 2017 at 11:15 PM, Johnson Lau <jl2012@xbt.hk =
<mailto:jl2012@xbt.hk>> wrote:
> We can=E2=80=99t =E2=80=9Cjust compute the Transaction ID the same way =
the hash for signing the transaction is computed=E2=80=9D because with =
different SIGHASH flags, there are 6 (actually 256) ways to hash a =
transaction.
>=20
> Also, changing the definition of TxID is a hardfork change, i.e. =
everyone are required to upgrade or a chain split will happen.
>=20
> It is possible to use =E2=80=9Cnormalised TxID=E2=80=9D (BIP140) to =
fix malleability issue. As a softfork, BIP140 doesn=E2=80=99t change the =
definition of TxID. Instead, the normalised txid (i.e. txid with =
scriptSig removed) is used when making signature. Comparing with segwit =
(BIP141), BIP140 does not have the side-effect of block size increase, =
and doesn=E2=80=99t provide any incentive to control the size of UTXO =
set. Also, BIP140 makes the UTXO set permanently bigger, as the database =
needs to store both txid and normalised txid
>=20
>> On 21 Nov 2017, at 1:24 AM, Praveen Baratam via bitcoin-dev =
<bitcoin-dev@lists.linuxfoundation.org =
<mailto:bitcoin-dev@lists.linuxfoundation.org>> wrote:
>>=20
>> Bitcoin Noob here. Please forgive my ignorance.
>>=20
>> =46rom what I understand, in SegWit, the transaction needs to be =
serialized into a data structure that is different from the current one =
where signatures are separated from the rest of the transaction data.
>>=20
>> Why change the format at all? Why cant we just compute the =
Transaction ID the same way the hash for signing the transaction is =
computed?
>>=20
>> --=20
>> Dr. Praveen Baratam
>>=20
>> about.me =
<http://about.me/praveen.baratam>_________________________________________=
______
>> bitcoin-dev mailing list
>> bitcoin-dev@lists.linuxfoundation.org =
<mailto:bitcoin-dev@lists.linuxfoundation.org>
>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev =
<https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>
>=20
>=20
>=20
>=20
> --=20
> Dr. Praveen Baratam
>=20
> about.me <http://about.me/praveen.baratam>

--Apple-Mail=_E9D453F8-CCA8-4B9E-8EAD-870D5636EE70
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<html><head><meta http-equiv=3D"Content-Type" content=3D"text/html; =
charset=3Dutf-8"></head><body style=3D"word-wrap: break-word; =
-webkit-nbsp-mode: space; line-break: after-white-space;" class=3D""><div =
dir=3D"auto" style=3D"word-wrap: break-word; -webkit-nbsp-mode: space; =
line-break: after-white-space;" class=3D"">Not really. BIP140 might be =
easier to implement, but in longterm the UTXO overhead is significant =
and unnecessary. There are also other benefits of segwit written in =
BIP141. Some of those are applicable even if you are making a new =
coin.<br class=3D""><div><br class=3D""><blockquote type=3D"cite" =
class=3D""><div class=3D"">On 21 Nov 2017, at 2:07 AM, Praveen Baratam =
&lt;<a href=3D"mailto:praveen.baratam@gmail.com" =
class=3D"">praveen.baratam@gmail.com</a>&gt; wrote:</div><br =
class=3D"Apple-interchange-newline"><div class=3D""><div dir=3D"ltr" =
class=3D"">BIP 140 looks like it solves Tx Malleability with least =
impact on current practices. It is still a soft fork though.<div =
class=3D""><br class=3D""></div><div class=3D"">Finally, if we were to =
create an alternative cyptocurrency similar to Bitcoin, a Normalized Tx =
ID approach would be a better choice if I get it right!</div></div><div =
hspace=3D"streak-pt-mark" style=3D"max-height:1px" class=3D""><img =
alt=3D"" style=3D"width:0px;max-height:0px;overflow:hidden" =
src=3D"https://mailfoogae.appspot.com/t?sender=3DacHJhdmVlbi5iYXJhdGFtQGdt=
YWlsLmNvbQ%3D%3D&amp;type=3Dzerocontent&amp;guid=3D1dc0cb1a-dc60-4b69-828a=
-6db933a55c26" class=3D""><font color=3D"#ffffff" size=3D"1" =
class=3D"">=E1=90=A7</font></div><div class=3D"gmail_extra"><br =
class=3D""><div class=3D"gmail_quote">On Mon, Nov 20, 2017 at 11:15 PM, =
Johnson Lau <span dir=3D"ltr" class=3D"">&lt;<a =
href=3D"mailto:jl2012@xbt.hk" target=3D"_blank" =
class=3D"">jl2012@xbt.hk</a>&gt;</span> wrote:<br class=3D""><blockquote =
class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc =
solid;padding-left:1ex"><div =
style=3D"word-wrap:break-word;line-break:after-white-space" =
class=3D""><div class=3D"">We can=E2=80=99t =E2=80=9Cjust compute the =
Transaction ID the same way the hash for signing the transaction is =
computed=E2=80=9D because with different SIGHASH flags, there are 6 =
(actually 256) ways to hash a transaction.</div><div class=3D""><br =
class=3D""></div><div class=3D"">Also, changing the definition of TxID =
is a hardfork change, i.e. everyone are required to upgrade or a chain =
split will happen.</div><div class=3D""><br class=3D""></div>It is =
possible to use =E2=80=9Cnormalised TxID=E2=80=9D (BIP140) to fix =
malleability issue. As a softfork, BIP140 doesn=E2=80=99t change the =
definition of TxID. Instead, the normalised txid (i.e. txid with =
scriptSig removed) is used when making signature. Comparing with segwit =
(BIP141), BIP140 does not have the side-effect of block size increase, =
and doesn=E2=80=99t provide any incentive to control the size of UTXO =
set. Also, BIP140 makes the UTXO set permanently bigger, as the database =
needs to store both txid and normalised txid<br class=3D""><div =
class=3D""><div class=3D""><br class=3D""><blockquote type=3D"cite" =
class=3D""><div class=3D""><div class=3D"h5"><div class=3D"">On 21 Nov =
2017, at 1:24 AM, Praveen Baratam via bitcoin-dev &lt;<a =
href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank" =
class=3D"">bitcoin-dev@lists.<wbr class=3D"">linuxfoundation.org</a>&gt; =
wrote:</div><br =
class=3D"m_-4649666739189099192Apple-interchange-newline"></div></div><div=
 class=3D""><div class=3D""><div class=3D"h5"><div dir=3D"ltr" =
class=3D""><div class=3D""><span =
style=3D"font-family:Verdana,arial,sans-serif;font-size:14px" =
class=3D"">Bitcoin Noob here. Please forgive my =
ignorance.</span></div><span =
style=3D"font-family:Verdana,arial,sans-serif;font-size:14px" =
class=3D""><div class=3D""><span =
style=3D"font-family:Verdana,arial,sans-serif;font-size:14px" =
class=3D""><br class=3D""></span></div>=46rom what I understand, in =
SegWit, the transaction needs to be serialized into a data structure =
that is different from the current one where signatures are separated =
from the rest of the transaction data.</span><div class=3D""><span =
style=3D"font-family:Verdana,arial,sans-serif;font-size:14px" =
class=3D""><br class=3D""></span></div><div class=3D""><span =
style=3D"font-family:Verdana,arial,sans-serif;font-size:14px" =
class=3D"">Why change the format at all? Why cant we just compute the =
Transaction ID the same way the hash for signing the transaction is =
computed?</span><br clear=3D"all" class=3D""><div class=3D""><br =
class=3D""></div>-- <br class=3D""><div =
class=3D"m_-4649666739189099192gmail_signature"><div =
style=3D"color:rgb(34,34,34);font-family:arial,sans-serif;font-size:13px;b=
ackground-color:rgb(255,255,255)" class=3D"">Dr. Praveen =
Baratam</div><div =
style=3D"color:rgb(34,34,34);font-family:arial,sans-serif;font-size:13px;b=
ackground-color:rgb(255,255,255)" class=3D""><br class=3D""></div><div =
style=3D"color:rgb(34,34,34);font-family:arial,sans-serif;font-size:13px;b=
ackground-color:rgb(255,255,255)" class=3D""><a =
href=3D"http://about.me/praveen.baratam" style=3D"color:rgb(17,85,204)" =
target=3D"_blank" class=3D"">about.me</a></div></div>
</div></div></div></div>
______________________________<wbr class=3D"">_________________<span =
class=3D""><br class=3D"">bitcoin-dev mailing list<br class=3D""><a =
href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_blank" =
class=3D"">bitcoin-dev@lists.<wbr class=3D"">linuxfoundation.org</a><br =
class=3D""><a =
href=3D"https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev" =
target=3D"_blank" class=3D"">https://lists.linuxfoundation.<wbr =
class=3D"">org/mailman/listinfo/bitcoin-<wbr class=3D"">dev</a><br =
class=3D""></span></div></blockquote></div><br =
class=3D""></div></div></blockquote></div><br class=3D""><br clear=3D"all"=
 class=3D""><div class=3D""><br class=3D""></div>-- <br class=3D""><div =
class=3D"gmail_signature" data-smartmail=3D"gmail_signature"><div =
style=3D"color:rgb(34,34,34);font-family:arial,sans-serif;font-size:13px;b=
ackground-color:rgb(255,255,255)" class=3D"">Dr. Praveen =
Baratam</div><div =
style=3D"color:rgb(34,34,34);font-family:arial,sans-serif;font-size:13px;b=
ackground-color:rgb(255,255,255)" class=3D""><br class=3D""></div><div =
style=3D"color:rgb(34,34,34);font-family:arial,sans-serif;font-size:13px;b=
ackground-color:rgb(255,255,255)" class=3D""><a =
href=3D"http://about.me/praveen.baratam" style=3D"color:rgb(17,85,204)" =
target=3D"_blank" class=3D"">about.me</a></div></div>
</div>
</div></blockquote></div><br class=3D""></div></body></html>=

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