Bitcoin Covenants Part 5: MATT and OP_CHECKCONTRACTVERIFY — How Bitcoin could carry state across transactions
Summary
The proposed OP_CHECKCONTRACTVERIFY feature enables the integration of contract states directly into Bitcoin transaction outputs. This technical upgrade allows the network to enforce valid state transitions and support compact fraud proofs onchain.
OP_CCV embeds contract state directly into Taproot output keys and enforces valid state transitions onchain. This makes it possible to achieve stateful contracts and compact fraud proofs.
Source: Read the full story at Cointelegraph.com News
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