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Date: Tue, 16 Jan 2024 17:08:54 +0000
To: "bitcoin-dev@lists.linuxfoundation.org"
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From: Tom Briar <tombriar11@protonmail.com>
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X-Mailman-Approved-At: Wed, 17 Jan 2024 02:05:41 +0000
Subject: Re: [bitcoin-dev] Compressed Bitcoin Transactions
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Hi,
In addition to the use cases listed in the schema, such as steganography, s=
atellite, and radio broadcast, an application can be made for Peer-to-peer =
communication between Bitcoin nodes. Except when compressing the Txid/Vout,=
which is optional, Transactions can gain up to 30% size savings while stil=
l being completely reversible. Furthermore, in a BIP-324 world, these savin=
gs are nontrivial.
BIP-324: https://github.com/bitcoin/bips/blob/master/bip-0324.mediawiki
Compressed Transaction Schema: compressed_transactions.md
Thanks-
Tom.
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