What Is Bitcoin CheckTemplateVerify? – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides



CheckTemplateVerify (CTV) is a soft fork proposal for Bitcoin specified in the Bitcoin Improvement Proposal (BIP) 119. It aims to enable new use cases for the network by adding more complex types of “covenants,” or smart contracts, than what can be achieved at the moment.

Why Covenants?

Bitcoin, as is, doesn’t possess a lot of flexibility in its programmability at the base level of transactions — and certainly not as much flexibility as it has at the level of the public and private keys used to sign transactions.

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