DigiByte Update – #159 – Giving you an introduction to Schnorr Signatures + Taproot

Todays DigiByte Update is a bit of a “first look” at why Schnorr Signatures are a good thing. Unfortunately as this is all very “off-the-cuff”, I’m aware that I double-up on certain aspects, and while trying to simplify this as best as possible I may not have done the best job of it. Still, it’s a start for many people to introduce them to Schnorr Sigs etc
If you want to, I recommend starting here with this video by one of the developers:
https://www.youtube.com/watch?v=YSUVRj8iznU

These are the BIP’s we’re looking to implement:
https://github.com/bitcoin/bips/pull/876

Check out some information on it by Bitmex research:
https://blog.bitmex.com/the-schnorr-signature-taproot-softfork-proposal/

Here’s some of the discussion around MimbleWimble and why it’s not a “Privacy” change, but rather a “Fungibility” change:
https://github.com/litecoin-project/lips/issues/10

If you want to check out the work on DigiByte 8.19 then you can do-so here:
https://github.com/digibyte/digibyte/tree/8.19.0

Some further light reading if you’re curious:

https://bitcoinmagazine.com/articles/taproot-coming-what-it-and-how-it-will-benefit-bitcoin

https://bitcoinist.com/schnorr-taproot-soft-fork-promises-big-things-for-bitcoin/

https://bitcoinmagazine.com/articles/taproot-coming-what-it-and-how-it-will-benefit-bitcoin