From 75351f2587ebdf220a92ac9c89119343f4cf8584 Mon Sep 17 00:00:00 2001
From: Brandon Black <freedom@reardencode.com>
Date: Wed, 24 Apr 2024 14:34:29 -0700
Subject: [PATCH] Add bip-internalkey

---
 README.mediawiki   |  7 +++++
 bip-internalkey.md | 70 ++++++++++++++++++++++++++++++++++++++++++++++
 2 files changed, 77 insertions(+)
 create mode 100644 bip-internalkey.md

diff --git a/README.mediawiki b/README.mediawiki
index ebe1c14c..476a963b 100644
--- a/README.mediawiki
+++ b/README.mediawiki
@@ -1121,6 +1121,13 @@ Those proposing changes should consider that ultimately consent may rest with th
 | Standard
 | Draft
 |- style="background-color: #cfffcf"
+| [[bip-internalkey.md|internalkey]]
+| Consensus (soft fork)
+| OP_INTERNALKEY
+| Brandon Black, Jeremy Rubin
+| Standard
+| Draft
+|- style="background-color: #cfffcf"
 | [[bip-0350.mediawiki|350]]
 | Applications
 | Bech32m format for v1+ witness addresses
diff --git a/bip-internalkey.md b/bip-internalkey.md
new file mode 100644
index 00000000..38cb59ec
--- /dev/null
+++ b/bip-internalkey.md
@@ -0,0 +1,70 @@
+```
+BIP: XXX
+Layer: Consensus (soft fork)
+Title: OP_INTERNALKEY
+Author: Brandon Black <freedom@reardencode.com>, Jeremy Rubin <j@rubin.io>
+Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-XXXX
+Status: Draft
+Type: Standards Track
+Created: 2023-12-22
+License: BSD-3-Clause
+```
+
+## Abstract
+
+This BIP describes a new tapscript opcode (`OP_INTERNALKEY`) which
+pushes the taproot internal key to the stack.
+
+## Specification
+
+When verifying taproot script spends having leaf version `0xc0` (as defined in
+[BIP 342]), `OP_INTERNALKEY` replaces `OP_SUCCESS203` (0xcb). `OP_INTERNALKEY`
+pushes the taproot internal key, as defined in [BIP 341], to the stack.
+
+## Motivation
+
+### Key spend with additional conditions
+
+When building taproot outputs, especially those secured by an aggregate key
+representing more than one signer, the parties may wish to collaborate on
+signing with the taproot internal key, but only with additional script
+restrictions. In this case, `OP_INTERNALKEY` saves 8 vBytes.
+
+### Mitigated control block overhead for scripts using hash locks
+
+In cases where script path spending is not desired, the internal key may be set
+to a NUMS point whose bytes would otherwise be required in a tapscript. This
+could be used with any hash locked transaction, for example, to save 8 vBytes.
+
+Note: The internal key must be the X coordinate of a point on the SECP256K1
+curve, so any such hash must be checked and modified until it is such an X
+coordinate. This will typically take approximately 2 attempts.
+
+## Reference Implementation
+
+A reference implementation is provided here:
+
+https://github.com/bitcoin/bitcoin/pull/29269
+
+## Backward Compatibility
+
+By constraining the behavior of an OP_SUCCESS opcode, deployment of the BIP
+can be done in a backwards compatible, soft-fork manner. If anyone were to
+rely on the OP_SUCCESS behavior of `OP_SUCCESS203`, `OP_INTERNALKEY` would
+invalidate their spend.
+
+## Deployment
+
+TBD
+
+## Credits
+
+TODO
+
+## Copyright
+
+This document is licensed under the 3-clause BSD license.
+
+[BIP 341]: https://github.com/bitcoin/bips/blob/master/bip-0341.mediawiki
+
+[BIP 342]: https://github.com/bitcoin/bips/blob/master/bip-0342.mediawiki