Hunter Beast 🕯️@cryptoquick
For folks who missed it over the weekend, the BIP 360 team submitted significant updates to the BIP via pull request on Friday, including a clean rewrite, spearheaded by our new co-author, @isabelfoxenduke.
Our goal is to present the proposal’s motivation, rationale, and technical details as readably as possible and clarify the substantive changes recommended by co-author, @Ethan_Heilman, earlier this year.
Furthermore, we believe this proposal should be accessible and readable to everyone interested in Bitcoin quantum mitigation strategies and not only the technical elite. We hope this rewrite accomplishes that goal.
In summary, the BIP introduces a new Bitcoin output type that is both Tapscript-supportive and resistant to hypothetical breaks in Elliptic Curve Cryptography (ECC). We have renamed this proposed output type: "Pay-to-Tapscript-Hash" or "P2TSH."
For more details about our thought process, we hope you’ll review the BIP in full on the BIP360 website [see below], which also includes complete test vectors in Python and Rust.
