With help from the Bitcoin Optech newsletter we cover details and implications of the newly proposed Erlay protocol for spreading transactions quickly and efficiently across the network. An 84% reduction in bandwidth for getting transactions to every node, is certainly nothing to scoff at. With effects on network efficiency and privacy, let's talk Erlay, Dandelion, & BitcoinOps!

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A link to the official Erlay research paper with tons more data and analysis for a deep dive into this P2P improvement:

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