Category: OP_CAT
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OP_CAT and the Infinite Nothing
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introduction You may have heard about re-enabling OP_CAT as a potential upgrade to Bitcoin’s script language. Depending on where you get the news, OP_CAT has been called “only 10 lines of code”, “best way to enable test covenants”, “very powerful”, “dangerous and leads to centralization of miners”, or “guaranteed to…
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OP_CAT & Bitcoin Ossification With Blockstream’s Andrew Poelstra
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In a recent interview with Bitcoin Magazine, Shinobi sat down with Blockstream’s Andrew Poelstra to discuss colleague Rusty Russell’s ambitious proposal. Rusty plans to restore many abandoned features from Bitcoin code, a bold move that could significantly enhance the functionality and expressiveness of Bitcoin scripts. Understanding the new cost model…
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OP_CAT & Bitcoin Ossification With Blockstream’s Andrew Poelstra
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In a recent interview with Bitcoin Magazine, Shinobi sat down with Blockstream’s Andrew Poelstra to discuss colleague Rusty Russell’s ambitious proposal. Rusty plans to restore many abandoned features from Bitcoin code, a bold move that could significantly enhance the functionality and expressiveness of Bitcoin scripts. Understanding the new cost model…
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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…