Author: Olaoluwa Osuntokun 2022-04-11 19:51:55
Published on: 2022-04-11T19:51:55+00:00
The email exchange discusses the Taro protocol and its potential scripting layer. The first part of the email addresses acknowledging the originators of the idea for the Taro protocol. The email then delves into the potential usage of the scripting layer in Taro, with a design sketch for an "issuance covenant" that could potentially be useful for creating assets backed by on-chain Bitcoin collateralization. The email acknowledges that there are still questions to answer about the feasibility of this design sketch. The email also brings up the potential for using Bitcoin covenants to enforce certain spending conditions on Taro assets, but notes that the practicality of this would depend on the types of covenants deployed in the future. Finally, the email highlights the importance of specifying the location of the Taro tree inside the taproot tree for the verifier.
Updated on: 2023-05-22T18:46:30.671554+00:00