Is Speedy Trial The Way To Change Bitcoin?

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The below is a direct excerpt of Marty’s Bent Issue #1198: “OP_CTV and rough consensusSign up for the newsletter here.

BIP119, which adds limited covenants to Bitcoin, is the current conversation and many people question if Speedy Trial for Taproot was a good precedent.

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BIP119, which adds limited covenants to Bitcoin, is the current conversation and many people question if Speedy Trial for Taproot was a good precedent.

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As I’m sure some of you are aware of by now, there is a heated debate happening amongst Bitcoin developers and users alike about OP_CTV, a subject we began covering here at the Bent in December 2019. OP_CTV, if enabled, would bring back to life an op code (OP_NOP4) with added restrictions. This would allow users to create complex covenants on Bitcoin that would enable more complex preconfigured transactions and could improve the user experience around security and batching a large number of transactions.

I think these are functionalities that would add utility to many bitcoin users, particularly larger economic actors who hold a lot of bitcoin that needs to have the highest degree of security as is humanly possible and those who send a lot of bitcoin to a large number of users on a daily basis.



Source link Bitcoin Magazine

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