Odaily Planet Daily News Cobra, the operator and owner of the bitcoin.org domain, has alerted the community to new developments in the Bitcoin world: unidentified Bitcoin users outside of Bitcoin Core are preparing to introduce a user-led soft fork (UASF) next year. CTV stands for "Check Template Verify" and is a series of improvements that introduce the concept of Bitcoin contracts. A contract is a structure that establishes conditions for spending Bitcoin in a specific wallet. Described by Jeremy Lubin in Bitcoin Improvement Proposal 119 (BIP 119), these allow interesting developments to enhance the security of Bitcoin transactions. One of them is the vault, a cold storage address with spending conditions that forces users to send transactions to a single predetermined wallet asset. In addition, users can also cancel these transactions before the scheduled time in order to cancel erroneous or malicious transactions. (Bitcoin.com)
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Cobra warns: There may be a new Bitcoin soft fork next year
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