Shinobi’s Strawman is a weekly series where our Technical Editor Shinobi challenges the Bitcoin community, aiming to stir up conversation around heated technical debates.
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It’s been two years since the last upgrade to Bitcoin, Taproot, activated and went live on the network. Since then there has been a proliferation of proposed changes for the next upgrade to the protocol, and they seem to keep piling up faster than people can keep up with.
These proposals mostly fall into a single category of change: covenants. The basic purpose of a covenant is to fundamentally change how script restricts Bitcoin spending. Currently a script in a UTXO can only control or limit how that currently existing UTXO can be spent, the design goal of a covenant is to extend that restriction so that the script in the currently existing UTXO can restrict how future UTXOs not yet created can be spent.
I myself have voiced concerns in the past abou
We współpracy z: https://bitcoinmagazine.com/technical/youll-activate-the-covenants-and-youll-like-it
