MachuPikacchu on Nostr: No need for new OpCodes to enable covenants. Write a script that encrypts a method ...
No need for new OpCodes to enable covenants.
Write a script that encrypts a method for generating a private/public key pair using the entropy from the last N blocks and can’t be tampered with.
As long as the runtime script is blinded from the machine running it and you can prove that nobody can witness the private key then you can also have the script perform arbitrary computation and verifiably be rewarded with a UTXO.
Ask your friendly neighborhood cryptographer for a prescription for homomorphic encryption today.
#bitcoin #covenants
Write a script that encrypts a method for generating a private/public key pair using the entropy from the last N blocks and can’t be tampered with.
As long as the runtime script is blinded from the machine running it and you can prove that nobody can witness the private key then you can also have the script perform arbitrary computation and verifiably be rewarded with a UTXO.
Ask your friendly neighborhood cryptographer for a prescription for homomorphic encryption today.
#bitcoin #covenants