HIP-4: Making All Markets Hyperliquid
Written by @castle_labs, @francescoweb3, @noveleader
We’re excited to publish Castle Labs’ latest article on HIP-4 on HRC. If you haven’t explored this new Hyperliquid improvement proposal yet, now is the perfect time to dive in.
“HIP-4
BITCOIN RAILS #50: HISTORY OF SEGWIT & TAPROOT | with Pieter Wuille
🔗 YOUTUBE: youtu.be/QNrW4dUc_U4
A primary maintainer of Bitcoin Core from 2011-2022, Pieter Wuille is arguably the most influential developer in Bitcoin’s history since Satoshi himself.
After receiving keys to the Bitcoin codebase from @gavinandresen, who was tasked with maintaining the codebase by Satoshi Nakamoto, Pieter went on to implement some of Bitcoin’s most dramatic and influential upgrades, including but not limited to:
- Implementation of Bitcoin’s Taproot and Segwit upgrades
- Implementation of libsecp256k + Bitcoin’s unique encoding structure for the cryptography securing all Bitcoin public/private keys
- The first import/export feature for Bitcoin private keys into Bitcoin (now Bitcoin Core)
- Development of hierarchical deterministic (HD) wallets, enabling backups via a single seedphrase and paving the way for seedphrases themselves
- DER signatures, Miniscript, and so much more
A truly special episode of Bitcoin Rails, this is a rare long-form interview with one of the most important historical figures in the arc of Bitcoin’s development.
Pieter and I walk through how Bitcoin consensus works in practice, the history of Bitcoin's most critical early developments, and the key role of his good friend, Greg Maxwell, nearly every step of the way.
This episode of Bitcoin Rails is powered by:
— Best In Slot (@bestinslotxyz) - the leading API for Ordinals and BRC-20 data aggregation and indexing.
— Spark (@lightspark) - a statechains implementation advancing Bitcoin-powered payments.
— Citrea (@citrea_xyz) - a leading Bitcoin rollup technology and BitVM alliance contributor.
TIMESTAMPS:
00:00 Intro
00:42 Early Days in Bitcoin
01:25 First Contributions to Bitcoin Core
04:38 Challenges and Innovations in Bitcoin Development
06:54 The Hal Finney Challenge
12:16 Bitcoin Core Contributors Back Then
14:18 The Creation of HD Wallets and Seed Phrases
17:47 Greg Maxwell Role and Relationship
21:00 Implementing Libsecp256k1
28:39 Why Did Satoshi Choose ECDSA
33:34 Addressing OpenSSL Issues
40:41 Why Pieter Wrote BIP 66
47:54 BIP 103 Proposal and Initial Reactions
49:57 SegWit Development and Implementation
01:05:39 Taproot's History, Details, and Benefits
01:11:09 Why Taproot Has No Hashed Addresses
01:16:55 Pieter's Thoughts on BitVM and other non-softfork dependent scaling solutions cc @robin_linus
01:18:27 Non-Soft Fork Scaling Solutions
01:23:03 Future Consensus Changes and Challenges
01:25:28 Bitcoin's Miner Centralization and Security Concerns (e.g. MEV) cc @TheBlueMatt
01:34:48 Miniscript: Simplifying Bitcoin Script? cc @Rob1Ham
Since Fusaka, blob gas fee has increased 15,000,000x because of this one EIP. That sounds scary, but it's actually a fix.
Since 4844, the blob base fee on Ethereum stayed at 0.000000001 Gwei. The protocol is broken and rollups are effectively getting L1 compute and KZG
Here’s the thing: The first strike was obviously illegal too. Even if the boat had drugs on it, bombing it from the sky is a war crime.
Duterte is literally in The Hague as we speak for doing this.
The second strike is just more obviously illegal.
While Starknet is designed with quantum-resistant cryptography from day one, Bitcoin isn’t.
Join @EliBenSasson and Prof. Scott Aaronson, one of the world’s leading quantum computing experts, to understand what this means for crypto.
Tomorrow at 2:30 PM UTC. RSVP required 👇
🔥 $4,500 giveaway to 3 people - $1,500 each 🔥
Time to give back in this brutal market
Rules:
Must follow @DegenKenn & @CryptoNoach
Like & RT
Tag 3 friends
Winners drawn 11/29
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