OP_CHECKTEMPLATEVERIFY has once again become a focal point in the conversation about improvements to scale Bitcoin. This time around there are many more alternative designs for covenants being proposed, and actual concrete designs that make use of CTV as scaling solutions (Timeout Trees and Ark). The conversation has a much larger depth of concepts to take into consideration, both in terms of alternatives that could be adopted as well as concrete proposals that CTV could enable.

One narrative circulating from the camp of people against CTV is that “CTV doesn’t scale Bitcoin.” Let’s charitably interpret that to mean that CTV itself does not scale Bitcoin, things you can build with…

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