sipa changed the topic of #bitcoin-wizards to: This channel is for discussing theoretical ideas with regard to cryptocurrencies, not about short-term Bitcoin development | http://bitcoin.ninja/ | This channel is logged. | For logs and more information, visit http://bitcoin.ninja
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<MaxSan_> Can anyone tell me roughly how much larger the proofs are for confidential transactions compared to what we have now?
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<nsh> --
<nsh> The result is that a proof for a 32-bit value is 2564 bytes, and
<nsh> simultaneously may convey 2048 bytes of message. A 32-bit proof can
<nsh> BTC with 1e-7 precision, and so on. My implementation is able to verify
<nsh> cover a range of 42.94967296 BTC with 1e-8 precision, or 429.4967296
<nsh> over 1300 32-bit range proofs per second on an i7-4770R, and there are
<nsh> many performance optimizations still possible.
<nsh> (so it depends on how many values in the transaction to blind, but most of the space is reclaimed as a cryptographically-secure messaging channel thanks to moonmathemagics)
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<nsh> also:
<nsh> --
<nsh> In Elements, the range proofs are only required in cases where there are
<nsh> multiple confidential value outputs (including fees). Transactions that
<nsh> merge multiple confidential amounts into a single output do not need range
<nsh> proofs since the fact that all the inputs were in range is sufficient.
<nsh> --
<MaxSan_> Do you have an example of what the addresses look like?
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<MaxSan_> I dont see an example in the paper
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<waxwing> 22E8QKHaTijFemPDwKvAk9qoTgagPfp8nBQiry87MMU1h2gQTeYjhAKbHWHcTZ5N6hmHpmdLuoVsYZb9e
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