ChainCatcher news, reported by Bitcoin.com, the operator and owner of the bitcoin.org domain, Cobra, has alerted the community about new dynamics in the Bitcoin world: Unidentified Bitcoin users outside of Bitcoin Core will be preparing to introduce a user-activated soft fork (UASF) next year.
CTV stands for 'Check Template Verify', a series of improvements introducing the concept of Bitcoin contracts. Contracts are structures that establish conditions for Bitcoin spending in a specific wallet. Described by Jeremy Lubin in Bitcoin Improvement Proposal 119 (BIP 119), these allow for interesting developments to enhance the security of Bitcoin transactions. One of these is a vault, a cold storage address with spending conditions that forces users to send transactions to a single designated wallet asset.
In addition, users can cancel these transactions before the scheduled time to cancel erroneous or malicious transactions.
