The is the first article deep diving into individual covenant proposals that have reached a point of maturity meriting an in depth breakdown. 

CHECKTEMPLATEVERIFY (CTV), put forward by Jeremy Rubin with BIP 119, is the most mature and fully fleshed out covenant proposal, not only out of the proposals we will be covering, but out of all of the covenant proposals in their entirety. As I mentioned in the introduction article to this series, there are many concerns in the ecosystem regarding covenants that are too flexible enabling things that wind up having very detrimental consequences for Bitcoin. 

CTV was designed specifically to constrain its capabilities tightly enough to avoid any…

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