CryptoNews

OP_CAT Proposal Assigned BIP-347, Aims to Enhance Bitcoin With Ethereum-Style Smart Contracts – News Bytes Bitcoin News

OP_CAT, a proposal aimed at introducing Ethereum-like smart contract functionality to Bitcoin, has been assigned the Bitcoin Improvement Proposal (BIP) number 347, marking the first step towards potentially implementing this long-discussed software upgrade. Co-authors Ethan Heilman and Armin Sabouri have emphasized that receiving a BIP number mainly facilitates discussion around the proposal by providing a unique identifier, despite no consensus yet within the community. The proposal has reignited debate between those who wish to preserve Bitcoin’s role solely for monetary transactions and those who advocate for building more complex applications on the Bitcoin network, with OP_CAT serving as a catalyst for discussions on expanding Bitcoin’s capabilities through “covenants” that dictate transaction rules.

Source: Bitcoin

Related posts
AI & RoboticsNews

OpenAI makes ChatGPT’s image generation available as API

AI & RoboticsNews

Former DeepSeeker and collaborators release new method for training reliable AI agents: RAGEN

AI & RoboticsNews

Google adds more AI tools to its Workspace productivity apps

Cleantech & EV'sNews

Chevy Blazer SS EV first drive, over 600hp and 300 miles of range!

Sign up for our Newsletter and
stay informed!