What Are Bitcoin Covenants? A Guide to a Controversial Proposal

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tldr; The proposal to implement Bitcoin covenants has sparked a debate in the Bitcoin community. Covenants could help increase security by giving users more control over where they can transfer their assets. They could also prevent theft and help implement safety vaults for enhanced end-user protection. However, implementing covenants is tricky as Bitcoin’s resistance to censorship, external control, and 100% fungibility could prevent its fulfillment.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*


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