After a long hiatus, we return to talk with new Chaincode member Murch and get his take on enterprise wallets and UTXO management.

anchor.fm

In this conversation, we cover:

• Enterprise UTXO management (3:35)
• The impact of the 2017 hype cycle (4:30)
• The importance of UTXO set minimization (5:30)
• The fee market today (6:44)
• Batching Transactions (9:15)
  • Payment Batching
• Consolidations (11:05)
  • Consolidation of 4 Million UTXOs at Xapo
• Change splitting (14:10)
• Replace By Fee (16:04)
  • RBF in the wild
  • Fee bumping
• SegWit (21:10)
• How enterprises estimate fees (25:00)
• Omnibus wallets (28:05)
• Off-chain sending (31:50)
• Taproot (33:57)

Other resources:

• Bitcoin Optech Field Report: How segwit and batching could have saved half a billion dollars in fees

Thanks as always to Matthew Zipkin for the sound engineering.