Bitcoin Coin Selection with Leverage
This addresses transaction cost optimization for Bitcoin users, though it appears incremental as it builds upon existing knapsack methods.
The authors tackled the problem of Bitcoin coin selection by introducing a new algorithm called 'coin selection with leverage' that aims to achieve better cost savings compared to standard knapsack-based approaches, with tunable parameters for user customization.
We present a new Bitcoin coin selection algorithm, "coin selection with leverage", which aims to improve upon cost savings than that of standard knapsack like approaches. Parameters to the new algorithm are available to be tuned at the users discretion to address other goals of coin selection. Our approach naturally fits as a replacement for the standard knapsack ingredient of full coin selection procedures.