Bitcoin Price Soars as OP_CAT Assigned BIP-420, Boosting Blockchain Capabilities

Apr 22, 2024, 10:22 PM

The Bitcoin community has marked a significant development as the OP_CAT proposal, enabling advanced blockchain functionalities like smart contracts, secure bridges, zk proof verification, and on-chain trading, has been officially assigned a Bitcoin Improvement Proposal (BIP) number, BIP-420. This assignment follows a notable shift in the BIP editorial team, with Bryan Bishop volunteering to replace Luke Dashjr. The introduction of BIP-420, led by Quantum Cats founder Udi Wertheimer, aims to enhance Bitcoin's capabilities significantly. Concurrently, the Bitcoin price experienced a surge following the announcement of BIP-420's assignment, highlighting the community's positive reception and the potential impact of this development.