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First Major Application of BIP-420 on Bitcoin
5
Resolution / Starting Odds
Smart Contracts • 33%
Secure Bridges • 33%
Other On-Chain Activities • 34%
Bitcoin community announcements and major cryptocurrency news websites
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Bitcoin's OP_CAT Assigned BIP-420, Enabling Covenants and Smart Contracts
Apr 23, 2024, 03:00 PM
The Bitcoin Improvement Proposal (BIP) system has officially assigned BIP number 420 to the OP_CAT proposal, marking a significant development in the Bitcoin community. Known as BIP-420, this proposal enables the implementation of covenants on Bitcoin, facilitating functionalities such as smart contracts, secure bridges, and other on-chain activities. This milestone was met with enthusiasm from the community, as it represents a historic advancement for Bitcoin's capabilities. Following this announcement, the price of Bitcoin experienced a notable increase.
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