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How much extra would this add for transaction sizes and time to verify for Bitcoin nodes?
If Bitcoin had Simplicity scripting today, the recent BIP proposal for Taproot & Schnorr signatures could instead have been implemented as a smart contract, without needing a soft-fork, as could the new Lightning network design eltoo.
Mindblowing.
https://twitter.com/adam3us/status/1246594448945025024?s=20
here's some more technical videos by Russell O'Connor presentations at Scale by the Bay 2019 https://youtube.com/watch?v=M4XnDrRIKx8 and CES 2019 https://youtube.com/watch?v=Pn5rySgyTQ0. and if you want to know what Russell thinks about those design issues listen to this https://thebitcoinpodcast.com/hashing-it-out-44/
https://www.youtube.com/watch?v=GS47YxwxAMI
longer explainer about simplicity from Translyvania Bitcoin conf 2019.
https://twitter.com/Blockstream/status/1245466275691859975?s=20
high-level short explainer about what is interesting about simplicity.
https://twitter.com/Blockstream/status/1246589470088060928?s=20
@Blockstream CEO @adam3us will be holding a live webinar on #Simplicity next Wed, April 8th at 16:00 UTC. Learn more about Simplicity & how jets can speed up the process of developing Simplicity-based smart contracts while reducing their resource costs.
https://twitter.com/adam3us/status/1246587101442977792?s=20
interesting implication: if Bitcoin had simplicity scripts today it becomes self-extensible. Schnorr/taproot, sighash noinput would be implementable direct. Jets are a way to replace simplicity code with provably equivalent verifiable-C code.
https://twitter.com/adam3us/status/1246583363470852098?s=20
One thing that may surprise people is that there is with this release a test branch of Bitcoin introducing simplicity script (dev release for regtest). As well as elements which will be the basis for adding to Liquid later this year.
https://twitter.com/Blockstream/status/1246581437630947330?s=20
We're excited to announce a milestone in #Simplicity dev. A major new dev release with jets, premade building blocks that can be combined to create complex #smartcontracts on the #LiquidNetwork / Elements without building everything from scratch.
https://medium.com/blockstream/simplicity-jets-release-803db10fd589
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