19min chapter

Bitcoin.Review Podcast with NVK & Guests cover image

BR069 - Cat is out of the bag? OP_CAT ft. NVK, Andrew Poelstra, Rob Hamilton & Rijndael

Bitcoin.Review Podcast with NVK & Guests

CHAPTER

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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