Blockspace: Developer consensus may be reaching agreement on Bitcoin soft fork proposal

PANews reported on March 18 that according to CoinDesk citing Blockspace, two Bitcoin Improvement Proposals (BIPs): BIP 119 and BIP 348 are gaining public support, and these two proposals may be implemented in the next soft fork of Bitcoin. BIP 119 refers to OP_CHECKTEMPLATEVERIFY (CTV), while BIP 348 refers to OP_CHECKSIGFROMSTACK (CSFS).

These BIPs propose new ways to write Bitcoin scripts, have clear support from many developers, and could significantly improve Bitcoin's self-custody, fee management, and existing technologies such as the Lightning Network, Ark, and contract-based applications. Blockspace wrote that this is the first time in more than four years that Bitcoin users have pushed for changes to the project's underlying software.

It is reported that the process of Bitcoin soft fork requires the support of stakeholders including developers, custodians, investors and miners, and miners need to express support for changes to the blocks they mine.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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