CoinVoice has recently learned that, according to Bitcoin.com, Cobra, the operator and owner of the bitcoin.org domain, has alerted the community about new developments in the Bitcoin world: Unrecognized 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' and is a series of improvements introducing the concept of Bitcoin contracts. Contracts are structures that establish conditions for Bitcoin spending within specific wallets. 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 them is vaults, cold storage addresses with spending conditions that force users to send transactions to a single designated wallet asset.
Additionally, users can cancel these transactions before the scheduled time, allowing them to reverse erroneous or malicious transactions. [Original link]
