Adam Back, CEO of Blockstream, supports introducing covenant opcodes as a potential 'last soft-fork' for Bitcoin to reduce the frequency of future protocol upgrades and improve Bitcoin Script security. Covenants are rules that restrict how coins can be spent, enabling more control over transactions. Back emphasizes formal verification and mathematical proofs to ensure script safety, aligning with Blockstream's Simplicity smart-contract language on the Liquid sidechain. While these proposals like CTV (BIP 119) and OP_CAT (BIP 347) are still in testing phases, their adoption could mark a significant shift in Bitcoin's development approach by providing a modular, verifiable toolkit for future innovations.
Adam Back's support for covenant opcodes in Bitcoin comes as a backdrop to a mixed market performance among major cryptocurrencies on Pluang. As of Oct 01, 2026 18:44 WIB, 19 of 50 major cryptocurrencies rose while 30 fell. Notable movers include ATOM at Rp31.710 with a 2.58% increase, CAKE at Rp47.375 up 2.52%, and THETA at Rp4.020 down 2.47%.
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