pull down to refresh

2 sats \ 7 replies \ @shyfire 5 Apr 2022 \ parent \ on: Announcing Taro: A New Protocol for Multi-Asset Bitcoin and Lightning 🍠💱🌍 bitcoin
by "node" do you mean your BTC full node, or your LND node? As far as I have it, there is some confusion as to whether Taro will require changes to bitcoin-core in order to work, or whether it will run 100% on Lightning. The Taro BIPs make it look like there could be required changes to L1
write
preview
14 sats \ 6 replies \ @decentipod 5 Apr 2022
Lnd node. I thought the whole thing was enabled by P2TR. I'm just running simple LN node via RaspberryPi Umbrel, but the idea of USD inbound and then send sats outbound... fuck that!
reply
0 sats \ 5 replies \ @shyfire 5 Apr 2022
Yeah I'm confused as to why they have created Standards Type BIPs targeting L1 if it's just enabled by P2TR
reply
11 sats \ 4 replies \ @bitcorn 5 Apr 2022 freebie
Apparently that's most likely a mistake of the current draft of the BIPs, so there shouldn't be any L1 changes.
See: https://reddit.com/r/Bitcoin/comments/twx8ui/announcing_taro_a_new_protocol_for_multiasset/i3j6ffr?context=3
reply
0 sats \ 3 replies \ @shyfire 5 Apr 2022
Yeah I saw that, good news. Although I wasn't thrilled with the answer to the second question, "the base layer can just keep on trucking, as this protocol is implemented as an overlay on top of the base system." makes me 60% confident that there will be no code changes to bitcoin-core because of Tora, and I prefer 100% confidence on this matter.
reply
11 sats \ 0 replies \ @k00b 6 Apr 2022
I was talking to @benthecarman and he said it doesn't require a softfork. I'm not sure about other changes ... but it seemed like it doesn't even require code changes and this is merely a spec for anyone wanting to do such things. 🤷‍♂️ I haven't read the BIP yet.
reply
0 sats \ 1 reply \ @bitcorn 5 Apr 2022 freebie
Why would you be only 60% confident? To me that sounds like a clear answer that the base layer won't need to change, and hence won't change for Taro.