Covenants are a category of proposed changes to Bitcoin’s consensus rules that would allow a script to prevent an authorized spender from spending to certain other scripts.

For example, a covenant may normally only allow spending to a whitelisted set of scripts, such as returning bitcoins to the user’s own balance or spending to a staging address that only allows spending to any arbitrary address after a period of time.

Primary code and documentation

Optech newsletter and website mentions

See also

Previous Topic:
Countersign Next Topic:
CPFP carve out

Edit page
Report Issue