Category: Covenants
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A Last Resort: Un’FE’d Covenants For Bitcoin
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Jeremy Rubin released a proposal a couple of weeks ago called Un’FE’d Covenants (FE = Functional Encryption). Given the controversy surrounding Covenant’s proposals for Bitcoin in the past year or two, his proposal represents a new practical option. All treaty proposals so far require a soft fork (the actual opcodes),…
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Bitcoin Developers Move to Gauge Consensus on Covenants Soft Forks
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A small but important development is occurring in Bitcoin’s much-discussed decentralized consensus process, with some developers moving to publicly gauge sentiment on opposing soft fork proposals that would increase the program’s set of rules. Follow Rizzo on X. https://x.com/pete_rizzo// More specifically, the effort began today with the creation of a…
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Bitcoin Developers Move to Gauge Consensus on Covenants Soft Forks
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A small but important development is occurring in Bitcoin’s much-discussed decentralized consensus process, with some developers moving to publicly gauge sentiment on opposing soft fork proposals that would increase the program’s set of rules. Follow Rizzo on X. https://x.com/pete_rizzo// More specifically, the effort began today with the creation of a…
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OP_CAT: The Purr-fect Solution for Covenants?
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Is OP_CAT happening? The covenants proposal was just assigned BIP number #347. But before we delve deeper, let’s explore what covenants are and why Bitcoiners may want them. Is Bitcoin an ideal state of digital e-cash or do we want more from our coins on-chain? Scratching the Surface: Bitcoin Scripts…