What are Bitcoin covenants, and how do they work?
Cointelegraph
Published Jun 26, 2022 10:00AM ET
Updated Jun 26, 2022 11:40AM ET
Various prominent Bitcoin experts, including Adam Back, Jimmy Song and Andreas Antonopoulos, have raised some concerns over the implementation of restrictive covenants, in particular with the BIP119.
In particular, Antonopoulos has voiced concerns over "recursive covenants" that the new update could convey, thereby deteriorating the network. A recursive covenant occurs when a programmer restricts a transaction, but he does it in a way that restricts another transaction after that, starting a domino effect resulting in future limitless recursive covenants.
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Written By: Cointelegraph
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