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What are Bitcoin covenants, and how do they work?

2022.06.27 01:02

What are Bitcoin covenants, and how do they work?
What are Bitcoin covenants, and how do they work?

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.

Blacklisting and risks of censorship and confiscation

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