Input Redemption
Ty Everett (ty@projectbabbage.com)
Abstract
We define a mechanism by which BRC-1 applications can denote UTXOs to be unlocked and redeemed by wallets as part of new Bitcoin transactions. We extend the message format defined by BRC-1 with information about the inputs requested by the application, including all information needed for a wallet to check the veracity of any inputs being redeemed.
Motivation
BRC-1 defines a mechanism for an application to request the creation of a Bitcoin transaction by a wallet, but it is incomplete without a way for applications to consume and use tokens that previously existed. Allowing applications to unlock and redeem inputs as part of their transactions also facilitates their ability to update, extend or delete assets that are tokenized within Bitcoin UTXOs.
Specification
We extend the BRC-1 Transaction Creation Request message with an additional field, the inputs
field. This is an object whose keys are the TXIDs of transactions that contain outputs which are to be spent as part of this transaction, and whose values comprise extended BRC-8 transaction envelopes.
In addition to the normal envelope fields, we specify that these input envelopes contain an additional field called outputsToRedeem
, which is an array of objects. Each of the objects comprises an output from the subject transaction that is to be redeemed and used as input to the transaction being requested by the application.
We specify that each of the objects in the array contains index
and unlockingScript
. The index
value is an integer that denotes which output to redeem from the transaction, and the unlockingScript
comprises a BRC-14 hex-formatted input script.
We further specify that each of the elements in each of the outputsToRedeem
arrays may contain an additional spendingDescription
string that describes the redemption of the tokens being used.
Example
Here is an example of a Transaction Creation Request object that contains an input:
Implementations
This functionality has been implemented as part of the Babbage SDK, in the createAction
function.
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