[Coin Selection Chapter] Add outline and initial notes #22
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jnewbery
changed the title
| # Additional UTXO Management Strategies (link to consolidation and batching) | ||
| # Outlook: New Address formats | ||
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| [^1]: Barring direct transfer of UTXO ownership e.g. per hardware wallets or layer-two constructions such as state-chains. |
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Should we mention needing to refresh timelocks? For example, the Green wallet considers this in their coin selection algorithm.
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| ## Individual Usage Pattern | ||
| - Small UTXO Pools for end-users | ||
| - Large incoming to outgoing imbalance for merchants |
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Just to make sure this bullet point is capturing what I think it is, we plan to write about the 2nd point in Jameson's post, "For high volume wallets that send more than one transaction every few blocks it’s important to keep plenty of confirmed UTXOs available."
https://medium.com/@lopp/the-challenges-of-optimizing-unspent-output-selection-a3e5d05d13ef
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I think that was mostly based on the notion that every transaction performs only a single payment. Wallets that batch payments can subsist on way fewer UTXOs.
Added a draft of the outline and some initial ideas for points to make.