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The Bitcoin Improvement Proposal (BIP) 420, known as OP_CAT, has been formally introduced, marking a significant development in Bitcoin's functionality. This proposal, led by Quantum Cats founder Udi Wertheimer, aims to enable advanced features such as smart contracts, secure bridges, on-chain trading, and zero-knowledge proof verification on Bitcoin. The assignment of a BIP number to OP_CAT is seen as a historic milestone, as it reintroduces Satoshi-era code that could significantly expand Bitcoin's capabilities. The proposal is currently in the draft stage and awaits further testing and community feedback.
Bitcoin's OP_CAT proposal, which aims to restore Satoshi-era code that could unlock advanced features, has embraced the BIP-420 moniker in an apparent attempt to garner momentum. Click to read: https://t.co/cTd4CHTlqB
P_CAT's BIP-420 proposal seeks to reintroduce OP_CAT, reigniting discussions on Bitcoin covenants and their potential impact https://t.co/KurYl6v9As
“BIP-420” has formally introduced the OP_CAT proposal for covenants on Bitcoin. OP_CAT would enable the development of features such as smart contracts, secure bridges and on-chain trading. The proposal is currently only at the draft stage. TheBlock https://t.co/KS6YIQUE2Q
