Damus

Recent Notes

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We've been wanting nested MuSig for a while now, so we can distribute Ark server keys and improve security. The problem is, it's specialized cryptographic work that we probably don't have within the team.

Jesse Posner (Vora founder) approached us with a solution: fund a grant for Beulah Evangelin to build it. Beulah's already contributing to secp256k1-zkp, just finished Chaincode Labs' secp256k1 workshop, and is perfect for the job.

So we're funding the grant. Jesse/Vora will provide ongoing mentorship. And Beulah's nested MuSig implementation will go into libsecp256k1-zkp as open source, so any project can use it. It's going to be particularly valuable for layer 2s, e.g., Vora needs it for their Lightning implementation too.

Full details: https://blog.second.tech/nested-musig-grant/

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If you're in Mauritius for @`Btrust`'s Dev Day tomorrow, don't miss @`dunxen`'s session on how Bark makes adding self-custodial Lightning to your apps simple.
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Why Rust? Memory safety isn't optional when you're handling people's bitcoin. Type safety catches bugs at compile-time that would be runtime disasters in other languages. Performance matters too when you're processing hundreds of signatures per round.
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The LSP business model has issues—high capital requirements, unpredictable revenue, complex liquidity management. Ark servers are simpler to operate and more capital efficient for similar use cases. We expect competition between the two models will drive better services for users.