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New BIP: Revocable Proof-of-Burn Transaction Template

This BIP proposes a standard way for making Bitcoin Proof-of-Burn Transactions. There are many possible applications, such as being: - The default trust anchor in decentralised networks. - An effective dos-resistant signal for announcements or other low-frequency events. Please view the proposal here: https://github.com/veleslavs/bips/blob/bip-rpob-tx-template/bip-rpob-tx-template.mediawiki Next steps: - [ ] Update proposal with BIP Number. - [ ] Collect more peer-review. - [ ] Collect review

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veleslavs·Updated Jul 10, 2024·0 reviews·0 attestations·View source
Collections:BIPs — Rejected

Specification

This BIP proposes a standard way for making Bitcoin Proof-of-Burn Transactions.

There are many possible applications, such as being:

  • The default trust anchor in decentralised networks.
  • An effective dos-resistant signal for announcements or other low-frequency events.

Please view the proposal here: https://github.com/veleslavs/bips/blob/bip-rpob-tx-template/bip-rpob-tx-template.mediawiki

Next steps:

  • [ ] Update proposal with BIP Number.
  • [ ] Collect more peer-review.
  • [ ] Collect review in particular with the Taproot Tweak Parts.
  • [ ] Update BIP with reference implementation and test vectors.
  • [ ] Merge proposal as Draft BIP.

Upon assignment of a BIP number, I will update and convert this Draft Pull Request into a normal Pull Request.

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