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 -- You received this message because you are subscribed to the Google Groups "Bitcoin Development Mailing List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion visit https://groups.google.com/d/msgid/bitcoindev/30440182-3d70-48c5-a01d-fad3c1e8048en%40googlegroups.com.
