CandleFocus Exploring Bitcoin’s Potential Changes with CTV
2024-12-04
Author: Content Editor
Cobra, the maintainer of the Bitcoin.org domain, has expressed concern about a potential user-activated soft fork (UASF) in 2025 that could be a crucial moment for the Bitcoin network. The UASF aims to introduce CheckTemplateVerify (CTV) through Bitcoin Improvement Proposal 119 (BIP 119). CTV aims to improve Bitcoin's usefulness by allowing users to establish spending criteria, but opponents worry about its impact on fungibility and network neutrality. The acceptance of CTV within the Bitcoin community is divided, highlighting the conflict between development and preserving Bitcoin's values. Additionally, a crypto pundit has questioned Bitcoin's traditional four-year cycle, suggesting it could change due to corporate adoption and government interest.
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