Recent research has proposed a new methodology called "ColliderScript" that could enable covenants on Bitcoin without the need for a soft fork. Covenants are mechanisms that allow for more complex transaction types by controlling how coins can be spent in the future. ColliderScript demonstrates that covenant functionality is technically feasible on Bitcoin currently, although it comes with a high computational cost. The approach relies on SHA-1 cryptography and the research suggests that advances in hardware or dedicated algorithms may eventually reduce these costs. While soft forking Bitcoin to include covenants remains the cleanest and most efficient option, the research serves to demonstrate the utility of covenants and could potentially accelerate the consensus-building process. The project is seen as a grassroots experimentation that could contribute to Bitcoin's development.



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