diff --git a/go.mod b/go.mod
index fd6cd74..bd31c7c 100644
--- a/go.mod
+++ b/go.mod
@@ -4,7 +4,7 @@ go 1.18
 
 require (
 	github.com/armon/go-metrics v0.4.0
-	github.com/btcsuite/btcd v0.22.1
+	github.com/btcsuite/btcd v0.23.4
 	github.com/btcsuite/btcutil v1.0.3-0.20201208143702-a53e38424cce
 	github.com/cosmos/cosmos-sdk v0.45.5-0.20220523154235-2921a1c3c918
 	github.com/cosmos/go-bip39 v1.0.0
diff --git a/go.sum b/go.sum
index 122ff7a..9263251 100644
--- a/go.sum
+++ b/go.sum
@@ -176,8 +176,9 @@ github.com/btcsuite/btcd v0.0.0-20190115013929-ed77733ec07d/go.mod h1:d3C0AkH6BR
 github.com/btcsuite/btcd v0.0.0-20190315201642-aa6e0f35703c/go.mod h1:DrZx5ec/dmnfpw9KyYoQyYo7d0KEvTkk/5M/vbZjAr8=
 github.com/btcsuite/btcd v0.20.1-beta/go.mod h1:wVuoA8VJLEcwgqHBwHmzLRazpKxTv13Px/pDuV7OomQ=
 github.com/btcsuite/btcd v0.21.0-beta/go.mod h1:ZSWyehm27aAuS9bvkATT+Xte3hjHZ+MRgMY/8NJ7K94=
-github.com/btcsuite/btcd v0.22.1 h1:CnwP9LM/M9xuRrGSCGeMVs9iv09uMqwsVX7EeIpgV2c=
 github.com/btcsuite/btcd v0.22.1/go.mod h1:wqgTSL29+50LRkmOVknEdmt8ZojIzhuWvgu/iptuN7Y=
+github.com/btcsuite/btcd v0.23.4 h1:IzV6qqkfwbItOS/sg/aDfPDsjPP8twrCOE2R93hxMlQ=
+github.com/btcsuite/btcd v0.23.4/go.mod h1:0QJIIN1wwIXF/3G/m87gIwGniDMDQqjVn4SZgnFpsYY=
 github.com/btcsuite/btcd/chaincfg/chainhash v1.0.1 h1:q0rUy8C/TYNBQS1+CGKw68tLOFYSNEs0TFnxxnS9+4U=
 github.com/btcsuite/btcd/chaincfg/chainhash v1.0.1/go.mod h1:7SFka0XMvUgj3hfZtydOrQY2mwhPclbT2snogU7SQQc=
 github.com/btcsuite/btclog v0.0.0-20170628155309-84c8d2346e9f/go.mod h1:TdznJufoqS23FtqVCzL0ZqgP5MqXbb4fg/WgDys70nA=