Re: [bitcoin-dev] A Small Modification to Segwit

[Timo Hanke <timo.hanke@web.de>]

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Yes, you only need a few bits in the version number, probably less than 8.

If you encourage the overt method of using AsicBoost I would argue that you
no longer need to dis-encourage the couvert method anymore as in Greg's
proposal. Nobody would use the couvert method anyway because the overt
method is so much simpler. So maybe the proposals can be completely
disentangled?


On Fri, Apr 7, 2017 at 5:05 PM, Jimmy Song via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> I've gotten feedback from Adam Back that you actually don't need all 32
> bits in the header for overt ASICBoost, so I'm modifying my proposal. Of
> the 32-bit version field, bits 16 to 23 are reserved for miners, the
> witness commitment stays as defined in BIP-141 except that it's now
> required. BIP9 then is modified so that bits 16 to 23 are now no longer
> usable.
>
> On Fri, Apr 7, 2017 at 3:06 PM, Jimmy Song <jaejoon@gmail.com> wrote:
>
>> Hey everyone, This is an idea that I had about Segwit and Gregory's
>> proposal from yesterday that I wanted to run by everyone on this list. I'm
>> not at all sure what this would mean for non-upgraded nodes on the network
>> and would like feedback on that. This is not a formal BIP as it's a
>> modification to a previously submitted one, but I'm happy to formalize it
>> if it would help.
>> ----------------------------------------
>> MotivationOne of the interesting aspects of Gregory Maxwell’s proposal
>> is that it only precludes the covert version of ASICBoost. He
>> specifically left the overt version alone.
>>
>> Overt ASICBoost requires grinding on the version bits of the Block
>> header instead of the Merkle Root. This is likely more efficient than the
>> Merkle Root grinding (aka covert ASICBoost) and requires way less
>> resources (much less RAM, SHA256 calculations, no tx shuffling, etc).
>>
>> If we combine Gregory Maxwell’s proposal with BIP-141 (Segwit) and add a
>> slight modification, this should, in theory, make ASICBoost a lot more
>> useful to miners and appeal to their financial interests.
>> The Modification
>>
>> Currently, the version bits (currently 4 bytes, or 32 bits) in the header
>> are used for BIP9 signaling. We change the version bits to a nonce-space so
>> the miners can use it for overt ASICBoost. The 32-bits are now moved
>> over to the Coinbase transaction as part of the witness commitment. The
>> witness commitment goes from 38 bytes to 42 bytes, with the last 4 bytes
>> being used as the version bits in the block header previously. The witness
>> commitment becomes required as per Gregory Maxwell’s proposal.
>> Reasoning
>>
>> First, this brings ASICBoost out into the open. Covert ASICBoost becomes
>> much more costly and overt ASICBoost is now encouraged.
>>
>> Second, we can make this change relatively quickly. Most of the Segwit
>> testing stays valid and this change can be deployed relatively quickly.
>>
>> Note on SPV clients
>>
>> Currently Segwit stores the witness commitment in the Coinbase tx, so
>> lightweight clients will need to get the Coinbase tx + Merkle proof to
>> validate segwit transactions anyway. Putting block version information in
>> the Coinbase tx will not impose an extra burden on upgraded light clients.
>>
>
>
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