Covenants enable you to specify “how” coins can be spent vs traditionally just“who” can spend. This is done onchain at the bitcoin script level. bitcoin itself can enforce this, unlike needing to run nodes to monitor and create strike transactions, which we need to do now on lightning, ark, etc.
stevenroose (npub148j…xhgp) did a good talk on this at the mit bitcoin expo if you want to understand the tradeoffs and why so many L2 devs want it for building better non-custodial protocols:
https://youtu.be/XT-B9k9t5B8?t=18838
jb55 /
npub1xt…vkk5s
2025-04-13 18:05:33
in reply to nevent1q…29z6
Author Public Key
npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5sPublished at
2025-04-13 18:05:33Event JSON
{
"id": "f868690e229c131794440c3a5a4c4ae13470d7510dec282d3ed081f3bacfc52f",
"pubkey": "32e1827635450ebb3c5a7d12c1f8e7b2b514439ac10a67eef3d9fd9c5c68e245",
"created_at": 1744567533,
"kind": 1,
"tags": [
[
"e",
"36030e055978f933105d1c12761accfa0a48fff3cf59387ad8fce1ba00f8169c",
"",
"root"
],
[
"e",
"0f0b4feca6ac4fc615bb17c6f0bf3675d683a731a9d20b539420adca9d8c17d0",
"",
"reply"
],
[
"p",
"50de492cfe5472450df1a0176fdf6d915e97cb5d9f8d3eccef7d25ff0a8871de"
],
[
"p",
"a9e42a0ca6e4b1208088b68a4fd6407481b12060f915a0fecb4c8874557e3749"
],
[
"r",
"https://youtu.be/XT-B9k9t5B8?t=18838"
]
],
"content": "Covenants enable you to specify “how” coins can be spent vs traditionally just“who” can spend. This is done onchain at the bitcoin script level. bitcoin itself can enforce this, unlike needing to run nodes to monitor and create strike transactions, which we need to do now on lightning, ark, etc.\n\nnostr:npub148jz5r9xujcjpqygk69yl4jqwjqmzgrqly26plktfjy8g4t7xaysj9xhgp did a good talk on this at the mit bitcoin expo if you want to understand the tradeoffs and why so many L2 devs want it for building better non-custodial protocols:\n\nhttps://youtu.be/XT-B9k9t5B8?t=18838",
"sig": "328b804e31c6b7b4458222fc5eedd357bb0c83c4601a0197fd977873248291e5ac761aaaffa9a56aea422e5d2c8a8eb7718138c9bb065e61a2ecf66ae26147ba"
}