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February 26, 2022, 11:06:09 AM |
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It seems that signet can be created as a Bitcoin sidechain by using taproot addresses. In the signet there is for example 1-of-2 multisig. That could be done by locking some coins on some taproot address, where the first person can spend by key, and the second person can do the same by tapscript (also any other signet challenge can be placed in a tapscript if needed). Sidechain hashes can be commited by using tapscript branch "OP_RETURN <sidechainHash>" that will never be used as input, but any sidechain node can verify that this sidechain hash is connected with this taproot address.
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