Author: Alejandro Ranchal Pedrosa 2018-09-07 07:07:25
Published on: 2018-09-07T07:07:25+00:00
The discussion is about a proposal for a new BIP to extend OP_CSV and/or OP_CLTV in order for these to allow and interpret negative values. This way, the ownership of coins can be shared between two parties for a certain period of time after which only one party owns them. The proposed approach avoids introducing reorg-induced invalidity. However, a concern was raised regarding the ability to enforce that the transaction is not used by Alice after the 24-hour timelock, as it requires Bob to check the Blockchain in case he needs to publish a proof-of-fraud and add extra funds to the transaction to account for penalization. An alternative approach suggested by Matt Corallo involves multisig option with a locktime pre-signed transaction which is broadcastable at the 24h mark and has different spendability. The proposal is still under discussion and a BIP is being prepared. A paper discussing the proposal can be found here: https://hal-cea.archives-ouvertes.fr/cea-01867357.
Updated on: 2023-06-13T14:50:22.448394+00:00