Last week in bitcoin (August 25 - 31)
Highlights from the bitcoin developer ecosystem...
Hi Insiders. This is Tuma, open source reporter from the Insider Edition. I spent 10+ hours in open-source developer calls in the Bitcoin ecosystem last week. Here is what caught my eye:
NUT-25 has been merged into the Cashu protocol specifications and brings BOLT12 to the e-cash ecosystem.
During the Cashu monthly call, developers announced that NUT-25 was merged to the protocol specifications. This new NUT brings minting and melting of e-cash tokens with the BOLT12 payment method.
In the Cashu ecosystem, a NUT is officially added to the specifications when at least two implementations integrate it. In this case, both Cashu Development Kit and cashu-ts delivered BOLT12 payments in their latest releases, the former with v0.12.0 and the latter with v2.7.0
What’s cool about the tech: The more protocol implementations integrates BOLT12, the more this Lightning payment standard will get adopted.
NIP-EE was recently merged and is now officialy part of the Nostr protocol specifications. This NIP, proposed by White Noise developer Jeff Gardner, brings end-to-end encyption messaging to Nostr via the MLS Protocol.
Coracle developer, Hodlbod, announced on Nostr the merging of NIP-EE to the protocol specifications. This Nostr Implementation Possibility aims to improve direct and group messaging, by leveraging the Messaging Layer Security (MLS) protocol.
While NIPs for encrypted messaging already existed, namely NIP-04 and NIP-17, they suffer from different kinds of limitations, such as metadata leaking and absence of forward secrecy and post-compromise security. Moreover, neither of them attempt to solve group messaging. On the other hand, MLS protocol inherits the characteristics similar to that of the Signal protocol, but with better scalability on large group chats.
What’s cool about the tech: Direct messages has always been on of the Achille’s heel of Nostr. By leveraging the new MLS protocol, decentralized and secure group chats are becoming a real possibility.
Papa Swap protocol was announced by open-source developer Super Testnet on X and aims to improve traditional submarine swaps.
Super Testnet shared information about his newly developed protocol, Papa Swap. This protocol aims at increasing the efficiency of submarine swaps. According to the developer, his protocol requires only 1 on-chain transaction, whereas regular submarine swaps require 2, making it faster, less expensive and with a smaller on-chain footprint.
Super Testnet will present his work at BTC++ Istanbul — Scaling Edition. He will not be the only one, the best developers attempting to scale Bitcoin will be present. Join BTC++ on X for the live of the event, and follow Insider Edition for the latest news.