“An argument for doing a consensus cleanup soft-fork first, prior to enabling any new opcodes or other features for new types of L2&rsquo;s, is that we&rsquo;d learn more about how willing the wider community is to implement what should be a relatively uncontroversial soft-fork that arguably benefits everyone.” &mdash; Peter Todd

In this deep dive into Bitcoin's Layer 2 solutions, we explore Peter Todd's comprehensive analysis of soft fork and covenant proposals. What are the trade-offs between different scaling solutions like CTV, OP_CAT, and SIGHASH_ANYPREVOUT? How might these changes impact Bitcoin's future, and what path forward offers the best balance of innovation and security? Join us as we unravel the complexities of Bitcoin's potential upgrades and their implications for the network's scalability and functionality. 
Links to check out 
<ul>
<li><a href="https://tinyurl.com/bdey68v4">Soft-Fork/Covenant Dependent Layer 2 Review</a> (Link:&nbsp;https://tinyurl.com/bdey68v4)&nbsp;</li>
<li><a href="https://tinyurl.com/y5py725j">Peter Todd on Nostr</a>&nbsp;(Link:&nbsp;https://tinyurl.com/y5py725j)&nbsp;
</li>
</ul>
&ldquo;We are what we pretend to be, so we must be careful about what we pretend to be.&rdquo; ―&nbsp;Kurt Vonnegut

Guy Swann

Read_844 - Soft Fork, Covenant Review - Part 2

“An argument for doing a consensus cleanup soft-fork first, prior to enabling any new opcodes or other features for new types of L2&rsquo;s, is that we&rsquo;d learn more about how willing the wider community is to implement what should be a relatively uncontroversial soft-fork that arguably benefits everyone.” &mdash; Peter Todd In this deep dive [&hellip;]