A friend recently asked me about this, so I’m writing it down here.
Schnorr signatures can aggregate the public keys of multiple parties into one. Once an address jointly controlled by multiple people is put on-chain, it looks just like a single-signature address.
When spending, only the conditions actually used are revealed, so less data needs to be written to the block and the transaction fees are correspondingly lower.
The inscription on $BTC made use of Taproot, and $ORDI was the first BRC-20 token.
Save this if you found it useful, so you can look it up again later.
#BTC
Schnorr signatures can aggregate the public keys of multiple parties into one. Once an address jointly controlled by multiple people is put on-chain, it looks just like a single-signature address.
When spending, only the conditions actually used are revealed, so less data needs to be written to the block and the transaction fees are correspondingly lower.
The inscription on $BTC made use of Taproot, and $ORDI was the first BRC-20 token.
Save this if you found it useful, so you can look it up again later.
#BTC