if u dug into the Bitcoin Staking whitepaper, you'll stumble upon the mechanics of how the L1 commitment is locked.
choosing a P2WSH script wasn't arbitrary, it was intentional with UX in mind. couldn't they have used P2SH or P2TR?
well there's benefits to sticking with P2WSH:
- it's battle tested and almost every wallet supports `v0` segwit
- simpler legacy semantics when it comes to the "classic" bitcoin script rules
- depending on how the script generation will be handled, the holder can know for sure that only 1 script is locked to their UTXO
- P2TR might boast it's privacy feature but it can also mask other hidden scripts and an unwanted direct key path spend
- P2SH adds complexity and fee inefficiencies
stay tuned for a possible L1 locking script deep dive episode on my new video series: Peeling Bitcoin
Hold BTC. Earn BTC. That's what Bitcoiners want.
Today we're publishing the Bitcoin Staking whitepaper.
Self-custodial. BTC-denominated yield.
Here's what it is and why it matters đź§µ