Pieter Wuille’s Latest Project: Making Bitcoin Harder to Lose

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One of bitcoin’s most prolific developers is attempting to help with one of the payment network’s longest-running issues.

Today, bitcoin is known for the new digital control of money it provides to users, not for it’s usability and convenience. And if you haven’t experienced it yourself, you’ve probably at least heard stories about users losing their private keys, accidentally sending bitcoin to the wrong address due to a typo, or some other gaffe.

To date, ideas to get around the direct use of public and private keys – long strings of characters that control bitcoin accounts – look like they’re some years away. One fuzzy idea, for example, is to somehow bury them completely so that users don’t even realize they’re using bitcoin.

For now, though, cryptocurrencies are stuck with confusing addresses.

This is where Bitcoin Core developer Pieter Wuille’s latest project Bech32 (which he is co-developing with Blockstream CTO Greg Maxwell) aims to at least steer addresses in a more user-friendly direction, if in a less revolutionary way.

The end game is a new kind of bitcoin address with capabilities baked in to help users detect when they type the wrong address.

The opportunity to make the improvement arose when bitcoin developers realized that they

Read more ... source: CoinDesk

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