3min chapter

Bitcoin Rapid-Fire cover image

Jameson Lopp: Bitcoin Covenants, OP_VAULT, Upgrade vs. Ossification & Casa Changes

Bitcoin Rapid-Fire

CHAPTER

Bitcoin Covenants - What Are They?

A Bitcoin covenant is just a Mechanism to enforce conditions on future Bitcoin transactions. It's basically Defining all of the different logical paths that the Bitcoin could be spent to. There are ways to do covenants right now without any changes at all to Bitcoin. However they involve whole sets of complexities and trade-offs in and of themselves.

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