Trezor Suite Update. [23.2.1] | Bitcointalksearch.org

Hispo

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Quote from: Pmalek on February 19, 2023, 03:39:51 AM

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I never cared much for NFTs on alternative blockchains, so I was never interested in checking if the Ordinals bring anything good to Bitcoin, or if it's just bananas and monkeys.

It depends whom you ask I guess, some may tell you that in the whitepaper of Bitcoin, this network was originally conceived to be a way to send money Peer-2-Peer and those NFTs have no place within the main net of Bitcoin. While others could argue Bitcoin is supposed to be open and always looking for evolution.

I personally like how these Ordinals brought attention to Taproot, hopefully people will continue to use this new format for actual transactions instead spamming the mempool with monkeys.

Pmalek

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Quote from: Hispo on February 18, 2023, 09:24:00 PM

I also gave a look to the use of Taproot (https://transactionfee.info/charts/inputs-and-outputs-p2tr/) and there is also a small dump on it, but nothing which could suggest people are done with NFTs in our main-net. Fingers crossed.

I haven't looked into how Ordinals work, but I am certain they use Taproot due to improved smart contract capabilities that the upgrade brought to the BTC blockchain. Taproot usage might be dropping now a bit (together with the minting of Bitcoin blockchain NFTs), but it went up quite a bit same as the adoption of Ordinals. I am not sure I can use that sentence construction?!

I never cared much for NFTs on alternative blockchains, so I was never interested in checking if the Ordinals bring anything good to Bitcoin, or if it's just bananas and monkeys.

Hispo

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Quote from: Pmalek on February 18, 2023, 10:47:27 AM

Quote from: Hispo on February 16, 2023, 12:33:12 PM

I personally believe that it will take several months before we see a slow down in the minting rate.

The mempools look better than what they did throughout the week. 20-30k of unconfirmed transactions was pretty normal since Ordinals got introduced. I have checked mempool.space a few times today and it always showed between 5-6k of unconfirmed transactions only. But that won't last long, and I am sure the numbers will go up again soon.

I also noticed it today, I checked the mempool and there seems to be a clear downwards tendency. Hopefully we can see again an empty mempool in some weeks. I am still skeptical though.

I also gave a look to the use of Taproot (https://transactionfee.info/charts/inputs-and-outputs-p2tr/) and there is also a small dump on it, but nothing which could suggest people are done with NFTs in our main-net. Fingers crossed.

Pmalek

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Farewell, Leo. You will be missed!

Quote from: Hispo on February 16, 2023, 12:33:12 PM

I personally believe that it will take several months before we see a slow down in the minting rate.

The mempools look better than what they did throughout the week. 20-30k of unconfirmed transactions was pretty normal since Ordinals got introduced. I have checked mempool.space a few times today and it always showed between 5-6k of unconfirmed transactions only. But that won't last long, and I am sure the numbers will go up again soon.

Hispo

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Quote from: dkbit98 on February 15, 2023, 05:33:43 PM

Just one hint if you are using Trezor Suite application, you can enable experimental feature Early Access Program and receive this updates early for testing.
You can leave this program anytime if you no longer want priority access to new features.

Quote from: jackg on February 15, 2023, 03:47:15 PM

I don't think taproot is well used at the moment and I think it was satoshi labs that were trying to make their own coinjoin/privacy based service too so those are both very proactive improvements that might not be used yet but will have been around for so long when they are that they'll have the added security of that (if the code is older, there's likely more people to have seen it and audited it).

You couldn't be more wrong about Taproot usage... it has been used more than ever and I have chart to prove that.
Now that may be for silly reasons of using ordinals, putting rocks, stones and monkey images on bitcoin blockchain, but it is what it is.
It's going to be used much more in future for real stuff after this hype wave is gone.
https://transactionfee.info/charts/transactions-spending-taproot/

Thanks for sharing, that webpage has some interesting information.

I would also like to point out that according to their data RBF is also at maximum numbers, it probably also has something to do with the mild mempool congestion we are experimenting due to ordinals being used to mint stuff.

I personally believe that it will take several months before we see a slow down in the minting rate.

dkbit98

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Just one hint if you are using Trezor Suite application, you can enable experimental feature Early Access Program and receive this updates early for testing.
You can leave this program anytime if you no longer want priority access to new features.

Quote from: jackg on February 15, 2023, 03:47:15 PM

I don't think taproot is well used at the moment and I think it was satoshi labs that were trying to make their own coinjoin/privacy based service too so those are both very proactive improvements that might not be used yet but will have been around for so long when they are that they'll have the added security of that (if the code is older, there's likely more people to have seen it and audited it).

You couldn't be more wrong about Taproot usage... it has been used more than ever and I have chart to prove that.
Now that may be for silly reasons of using ordinals, putting rocks, stones and monkey images on bitcoin blockchain, but it is what it is.
It's going to be used much more in future for real stuff after this hype wave is gone.
https://transactionfee.info/charts/transactions-spending-taproot/

jackg

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https://bit.ly/387FXHi lightning theory

The improvements you quoted actually seem like quite significant ones (address poisoning, taproot rbf and coinjoin). I don't think taproot is well used at the moment and I think it was satoshi labs that were trying to make their own coinjoin/privacy based service too so those are both very proactive improvements that might not be used yet but will have been around for so long when they are that they'll have the added security of that (if the code is older, there's likely more people to have seen it and audited it).

Hispo

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Today I have realized that Satoshilabs has released a new update for Trezor Suite which seems to include some kind of protection (probably an auto-detect) against address poisoning for Ethereum addresses, among other bug fixing and features forwards to coinjoin implementation.

Just letting you all know in case you want to download it and test it.

You can learn more about address poisoning here: https://trezor.io/support/a/address-poisoning-attacks

Source & Further details on this update: https://trezor.io/learn/a/trezor-suite-update-february-2023
Reddit: https://www.reddit.com/r/TREZOR/comments/1132lw4/trezor_suite_updates_february_2023/

Make sure to validate the download before installing it, as usual.

Topic: Trezor Suite Update. [23.2.1] (Read 86 times)