2025-12-31 06:23:14

RichSwap's core message is actually quite simple: how the Bitcoin layer should handle applications.

PSBT clearly records which UTXOs will be consumed and what each party will receive in the end. Sign with your own wallet, after contract verification is completed, then sign the UTXOs in the pool.

Only after both parties have signed will the transaction be broadcast to the Bitcoin network.

This logic is truly what the execution layer of the Bitcoin layer should look like.

BTC-0,55%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
7
Repost
Share

Comment

0/400

gaslight_gasfeez

· 12h ago

To be honest, this logic is truly brilliant. Finally, someone has thoroughly understood the fundamentals of Bitcoin.

View OriginalReply0

AirdropHunterWang

· 12h ago

Alright, now that's true understanding of Bitcoin, not those flashy L2 tricks.

View OriginalReply0

BlockImposter

· 12h ago

This is the right way to play Bitcoin—being genuine and authentic is the best way to go.

View OriginalReply0

CountdownToBroke

· 12h ago

Interesting, this is what truly allows Bitcoin to speak for itself, not a layered nesting.

View OriginalReply0

PessimisticLayer

· 12h ago

Pure, simple, transparent... This is what Bitcoin should look like—no pretenses, no showing off.

View OriginalReply0

GateUser-cff9c776

· 12h ago

Hi, this is what Bitcoin should look like. Finally, someone has grasped the on-chain logic. Wait, isn't the double-signature verification just a decentralized version of traditional multi-signature? The supply and demand curve looks like a good design, but what about the gas fees? RichSwap's idea is indeed feasible, but would this operation turn Bitcoin Layer 1 into a new Ethereum? Honestly, this kind of execution logic perfectly embodies the decentralization spirit of Web3, but whether the market will buy into it is another matter. PSBT sounds fancy, but whether it can support the ecosystem's floor price depends on the actual trading volume.

View OriginalReply0

MerkleTreeHugger