Think of the bitcoin covenant as a private property law that is used to restrict the usage of a particular object, in this case, the bitcoin, specifically, the bitcoin transactions. The BIP includes c...
Tag: Covenants
What are Bitcoin covenants, and how do they work?
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. ...