I guess I’m having a semantic problem with the word covenants then, because I understood what CTV does as basically a direct covenant. It simply locks the coins to a hash of the next output or TX details. So you can essentially “own” coins without directly needing an on chain footprint unless something goes wrong or you want to have a single UTXO for some particular reason.
I thought that “lock” was basically considered a covenant.
TheGuySwann / Guy Swann
npub1h8…6rpev
2024-08-28 17:48:27
in reply to nevent1q…4kmp
Author Public Key
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevPublished at
2024-08-28 17:48:27Event JSON
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"content": "I guess I’m having a semantic problem with the word covenants then, because I understood what CTV does as basically a direct covenant. It simply locks the coins to a hash of the next output or TX details. So you can essentially “own” coins without directly needing an on chain footprint unless something goes wrong or you want to have a single UTXO for some particular reason.\n\nI thought that “lock” was basically considered a covenant.",
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