What Are Bitcoin Covenants? A Guide to a Controversial Proposal

The proposal to implement Bitcoin covenants has spurred a fiery debate in the Bitcoin community, dividing people on the subject. On the one hand, many believe that covenants could make Bitcoin safer and more scalable. Conversely, others see it as an attack on the network’s decentralized, anonymous, and censorship-free nature. While experts unravel the implications of covenants for Bitcoin, we look closer at the proposal and how it could work. This guide to Bitcoin covenants should help clear the air…