BR069 - Cat is out of the bag? OP_CAT ft. NVK, Andrew Poelstra, Rob Hamilton & Rijndael
Bitcoin.Review Podcast with NVK & Guests
Complexity and Versatility of Bitcoin Covenant Proposals
The chapter explores the challenges and potential benefits associated with implementing covenant proposals in the Bitcoin space, focusing on operational complexity, secure key deletion, and efficient custody solutions. It highlights the simplicity and versatility of the code named CAT for creating various covenants, enabling functionalities like big number arithmetic and validating Merkle paths. The conversation covers different proposals and opcode related to congestion control, layer two protocols, and reduction of storage needs in payment channels, emphasizing the significance of choosing the right consensus changes and opcode designs in Bitcoin.
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