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
MachuPikacchu / Machu Pikacchu
npub1r6…4gmmd
2024-11-23 22:09:49
Author Public Key
npub1r6ggl0qazvwp02rlxgrf75lkfazuwhu35tmdg0u25eqsjax6243qh4gmmdPublished at
2024-11-23 22:09:49Event JSON
{
"id": "124f91087759cf35d5f37530444ac73a65b17e9c4b097d2b7efd57ffc2de4f9e",
"pubkey": "1e908fbc1d131c17a87f32069f53f64f45c75f91a2f6d43f8aa6410974da5562",
"created_at": 1732399789,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
],
[
"t",
"covenants"
]
],
"content": "No need for new OpCodes to enable covenants.\n\nWrite 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.\n\nAs 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.\n\nAsk your friendly neighborhood cryptographer for a prescription for homomorphic encryption today. \n\n#bitcoin #covenants ",
"sig": "d2ab739782e4b71dbd56ec346a1e44b083bad970a1bd87012735fe15b18fe58581cd1a2d1a665e4de38701adf79599b97d1671bd6232557c8804118657630900"
}