Re: [Bitcoin-development] 2-way pegging (Re: is there a way to do bitcoin-staging?)

2014-03-17 Thread Gregory Maxwell
On Sun, Mar 16, 2014 at 3:58 PM, Adam Back a...@cypherspace.org wrote: 2. you move coins to the side-chain by spending them to a fancy script, which suspends them, and allows them to be reanimated by the production of an SPV proof of burn on the side-chain. One point to note here is that the

[Bitcoin-development] Compact SPV proofs via block header commitments

2014-03-17 Thread Mark Friedenbach
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 ==Abstract== In simple payment verification (SPV) proofs it is currently necessary that every intervening block header be provided between two blocks in order to establish both connectivity and proof of work. By committing to a hash tree of past