* [bitcoindev] Un-FE’d Covenants: Char-ting a new path to Emulated Covenants via BitVM Integrity Checks
@ 2024-11-27 3:05 jeremy
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From: jeremy @ 2024-11-27 3:05 UTC (permalink / raw)
To: Bitcoin Development Mailing List
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Esteemed Bitcoin Developers,
Sharing below an approach to implementing Bitcoin covenants without
requiring native protocol changes. The approach uses covenant emulators
signing servers.
Unlike approaches to date for covenant emulation, the oracle signers put up
bonds to BitVM auditors subject to a BITVM style fraud proof, whereby their
funds can be stolen if the emulator oracle ever signs a transaction in
violation of the covenant rules.
you can find the paper here:
https://rubin.io/bitcoin/2024/11/26/unfed-covenants/
Regards,
Jeremy
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2024-11-27 3:05 [bitcoindev] Un-FE’d Covenants: Char-ting a new path to Emulated Covenants via BitVM Integrity Checks jeremy
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