There are two posts I recently contributed to Blockstream’s engineering blog expanding on the talk I gave at The Lightning Conference 2019. Cross-posting them here because they fit the theme of this blog:
This article is about the recent introduction of so-called x-only pubkeys to the Bitcoin Improvement Proposal BIP-schnorr […] significantly reducing the weight of every transaction output without any loss in security. By removing the Y-coordinate byte from compressed public keys currently used in Bitcoin, public keys end up with a 32-byte representation. We are going to look at how it works, why that’s useful, and sketch a security proof.
Using BIP-Schnorr-based multisignatures, no matter how many signers are involved, the result is a single public key and a single signature indistinguishable from a regular, single-signer BIP-Schnorr signature. This article is about optimizing implementations of multisignature protocols and why seemingly harmless changes can totally break the security.