Cobra: Bitcoin Update via UASF in 2025 and Its Implications

user avatar

by Giorgi Kostiuk

2 years ago

Cobra, the anonymous owner of the Bitcoin.org domain, has issued a warning about a potential user-activated soft fork (UASF) for Bitcoin scheduled for 2025. The initiative aims to introduce the CheckTemplateVerify (CTV) function to the BTC network.

What are UASF and CTV?

UASF is a user-activated protocol change, while CTV, based on the BIP 119 proposal, allows users to set specific spending conditions for wallets. This could enhance security for significant and institutional Bitcoin holders.

Pros and Cons of CTV

Proponents assert that CTV enhances cold wallet security, whereas critics are concerned about its impact on Bitcoin's fungibility and the increased codebase complexity, which could lead to security issues.

Cobra's Warning

Cobra emphasized in a public statement: "Some Bitcoiners will attempt to soft fork CTV via a UASF in 2025. Developers (non-Core) are currently working on the code and activation parameters. Not enough people are paying attention."

Some Bitcoiners will attempt to soft fork CTV via a UASF in 2025. Developers (non-Core) are currently working on the code and activation parameters. Not enough people are paying attention.

Introducing CTV via UASF in 2025 could significantly impact Bitcoin network's security and stability. Users and developers should pay attention to this potentially pivotal shift in the ecosystem.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

SpaceX's Historic IPO and Billionaire Backing

chest

SpaceX's IPO in June saw its stock price initially soar but has since faced volatility, with significant investments from billionaires.

user avatarTomas Novak

Strategy Halts Bitcoin Transactions for the Week

chest

Strategy did not engage in any Bitcoin purchases or sales last week, maintaining its holdings at 840,447 BTC.

user avatarKaterina Papadopoulou

Fake Downloads of The Odyssey Spread Lumma Stealer Malware

chest

Security firm Bitdefender warns that pirated copies of The Odyssey are circulating with malware designed to steal cryptocurrency wallets.

user avatarMaya Lundqvist

Shiba Inu SHIB Gains Momentum with New Listings and Adoption

chest

Shiba Inu SHIB has been listed on the Australian exchange FameEX and is now usable at Dubai Duty Free airport stores, marking significant adoption milestones.

user avatarLeo van der Veen

Rise in Wrench Attacks Targeting Cryptocurrency Holders

chest

The report highlights a surge in wrench attacks, particularly in France, where criminals are targeting cryptocurrency holders.

user avatarAisha Farooq

Massive Data Breach Exposes French Tax Records

chest

A hacker is selling a large database of French tax records that could affect over 678,000 individuals and businesses, raising concerns about phishing and identity theft.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.