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Explaining CheckTemplateVerify, Bitcoin’s Latest Controversial Soft Fork Proposal thumbnail

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Explaining CheckTemplateVerify, Bitcoin’s Latest Controversial Soft Fork Proposal

CheckTemplateVerify (CTV) is a soft fork proposal for Bitcoin specified in the Bitcoin Improvement Proposal (BIP) 119. It aims to enable new use cases for the network by adding a basic type of “covenant,” or smart contract, which is more than what can be achieved at the moment.Why Covenants?Bitcoin, as is, doesn’t possess a lot…

January 24, 2022