News with the tag "Covenants"

Bitcoin Magazine Bitcoin Covenants: What Are They And What Do They Do? Covenant : a usually formal, solemn, and binding agreement. This word has become one of the most charged words in the Bitcoin space. They’re the best thing since sliced bread. They’re the most dangerous thing since the atom bomb....

The call by Jeremy Rubin, of Bitcoin research and development organisation Judica, to build consensus around a covenant proposal that could improve transaction efficiency, security and programmability is bold. Bitcoin has a notoriously conservative development culture, and any upgrade proposals are ...

Jeremy Rubin released a proposal two weeks ago titled Un’FE’d Covenants (FE = Functional Encryption). Given the ongoing debate over covenant proposals for Bitcoin the last year or two, his proposal marks a new practical option. All covenant proposals so far require a soft fork (actual opcodes), the ...

ColliderScript introduces a method for implementing covenants on Bitcoin, which could enhance Bitcoin’s functionality. Covenants aim to allow for more complex transaction conditions, governing how and when Bitcoin can be spent. It does this by using 160-bit hash collisions, allowing transactions to ...

How covenants can built on Bitcoin today with no softforks (for an outrageously expensive set up price) using hash collisions. By Andrew Poelstra from Blockstream.

OP_CAT is now BIP-420, and the arrival of Bitcoin covenants could introduce smart contracts, zk-proofs, and on-chain trading. The post Bitcoin covenants are coming — OP_CAT gets formally introduced as BIP-420 appeared first on Crypto Briefing .

A written interview with Polyd, a Control Systems Specialist and creator of the Enigma Network proposal, on the concept of covenants.

The debate around the next change to Bitcoin is focused almost entirely on covenants. Having already implemented numerous covenants, Liquid presents a great learning opportunity in that discussion.

The debate around the next change to Bitcoin is focused almost entirely on covenants. Having already implemented numerous covenants, Liquid presents a great learning opportunity in that discussion.

Shinobi’s Strawman is a weekly series where our Technical Editor Shinobi challenges the Bitcoin community, aiming to stir up conversation around heated technical debates.