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Episode 79: The Witness Discount
Bitcoin Explained - The Technical Side of Bitcoin

Episode 79: The Witness Discount

23 May • 49m
Boost episode

Show Notes

In this episode of Bitcoin, Explained, Aaron (@AaronvanW) and Sjors (@provoost) explain why the witness discount was included in the Segregated Witness protocol upgrade from 2017, why this discount is 75%, and why this discount still makes sense in today’s world where Inscriptions benefit from it.

Episode Sponsor: https://voltage.cloud/

Sjors New Book: https://www.amazon.com/Bitcoin-Technical-innovations-Sjors-Provoost/dp/9090360425

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Activity

@vake
10,000 sats
24 May
Sjors stacks sats AND stays humble
@urza_cc
10,000 sats
23 Jun
Thanks for the explanation.
@shadowycodermark
9,400 sats
25 May
vanwirdum sjors nado!
@mrmr
2,323 sats
25 May
Sjors stacks sats (but does not sing!).
@vake
25 May
I heard he used to be an opera singer
completely unrelated, you comment made me think of the song 'Commissioning a symphony in C' by Cake
@mrmr
1 Jun
+10000 when Sjors sings the jingle. ; P
@vake
2,000 sats
23 May
Bitcoin Core needs a Jehovah’s Witness discount
@shadowycodermark
1,000 sats
27 May
Question: the witnesses list is a separated list. is it just like the UTXO set? are these list only stored on fullnodes or something?
@provoost
31 May
Witness data is stored in blocks. They're fysically located at the end so that pre-segwit nodes can ignore it, but otherwise they're really just part of the block. If a node prunes a block, then the witness data is gone. It's not possible to prune the UTXO set (without something like Utreexo). So in that sense they're quite different.
ah oke. tnx for taking time to explain it!
@slimshady
101 sats
23 May
🎵
@user7799413830909180
100 sats
10 Jul
thank you
@michaelmatulef
100 sats
24 May
🎵 Sjors stacks sats, Sjors stacks sats, Sjors. Stacks. Sats.🎵