OP_CAT will be launched on the Bitcoin Signet testnet next Tuesday

2024-04-28 11:19:46

Collection

ChainCatcher news, OP_CAT (i.e., BIP-420) is scheduled to go live on the Bitcoin Signet testnet at block height 193,536 (expected next Tuesday).

It is reported that Signet is a Bitcoin test network designed for developers to test software, with no miners and no proof of work, creating a block approximately every 10 minutes.

ChainCatcher previously reported that, according to The Block, the Bitcoin Improvement Proposal BIP-420 has officially proposed to restore the OPCAT opcode to introduce the "covenants" feature on Bitcoin. OPCAT advocate and Taproot Wizards co-founder Udi Wertheimer stated that OP_CAT will enable functionalities such as smart contracts, secure cross-chain bridges, on-chain transactions, and zero-knowledge proof verification on Bitcoin.

(Source Link)

Related tags

OP_CAT BIP-420 Signet Testnet

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.