PANews reported on December 3rd that according to Bitcoin.com, Cobra, the operator and owner of the bitcoin.org domain, has reminded the community about new developments in the Bitcoin world. He pointed out that unidentified Bitcoin users outside of Bitcoin Core will prepare to introduce a user-led soft fork (UASF) next year. Cobra said on the X platform: "Some Bitcoin holders plan to introduce the CTV soft fork through UASF sometime in 2025. But not enough people are paying attention to this.
CTV, which stands for “Check Template Verify,” is a series of improvements that introduce the concept of Bitcoin contracts. Contracts are structures that establish spending conditions for Bitcoin in a specific wallet. Described by Jeremy Lubin in Bitcoin Improvement Proposal 119 (BIP 119), these allow for interesting developments to enhance the security of Bitcoin transactions. One of these is vaults, cold storage addresses with spending conditions that force users to send transactions to a single predetermined wallet asset. In addition, users will also be able to cancel these transactions before a predetermined time in order to cancel a mistaken or malicious transaction. The biggest drawback of the update is related to fungibility, as these Bitcoins will be sealed in these addresses and may be considered of lower value. In addition, the increased complexity and introduction of new code may expose the Bitcoin codebase to attacks that exploit the update.
Still, through the UASF, the node community decides whether these new additions are valuable, and contracts as a concept are still under discussion. Some in the community believe that they are truly useful and should be included in Bitcoin Core, while others believe that this is a desperate attempt to introduce these features just for the sake of it.
