Developers propose CTV to improve Bitcoin security and enable smart contracts through predefined spending conditions.
Critics worry about Bitcoin fungibility and increased complexity due to CheckTemplateVerify’s potential implementation.
In a tweet, Cobra, the maintainer of the Bitcoin.org domain, is expressing concern about a potential user-activated soft fork (UASF) in 2025, which could pose a crucial crossroads for the Bitcoin network.
Under Bitcoin Improvement Proposal 119 (BIP 119), this project—run by anonymous developers outside the Bitcoin Core team—aims to introduce CheckTemplateVerify (CTV).
Some Bitcoiners are going to attempt to soft fork in CTV through a UASF sometime in 2025. Developers (outside of Core) are working right now on the code and activation parameters. Not enough people are paying attention to this.
— Cøbra (@CobraBitcoin) November 30, 2024
CTV: Enhancing Bitcoin’s Security Amid Controversy
By letting users establish specified spending criteria f
