• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cobra: Bitcoin Update via UASF in 2025 and Its Implications

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana Leadership Proposes Disinflation Measures to Address Market Decline

chest

Solana's leadership proposes to double the disinflation rate to 30% per annum to address a significant drop in market interest and stabilize long-term engagement from investors.

user avatarSon Min-ho

Intuit collaborates with Circle for USDC integration.

chest

Intuit has partnered with Circle to integrate USDC into its platforms for faster payments.

user avatarTando Nkube

Forward Industries Tokenizes SEC-Registered Shares on Solana

chest

Forward Industries has tokenized its SEC-registered FWDI shares on the Solana blockchain, allowing ex-US holders to use them as DeFi collateral.

user avatarAyman Ben Youssef

ECB Holds Rates Steady While Prioritizing Digital Euro

chest

ECB President Christine Lagarde announces the decision to maintain interest rates at 2% while focusing on the rollout of the digital euro.

user avatarKofi Adjeman

US Senate Confirms Crypto-Friendly Leaders for CFTC and FDIC

chest

The US Senate confirms Mike Selig as CFTC chair and Travis Hill as FDIC chair, signaling a supportive stance towards cryptocurrency regulation.

user avatarJesper Sørensen

Ethereum's Miniature Death Cross: No Immediate Collapse

chest

Ethereum's recent death cross on the daily chart has raised concerns among traders, but analysts suggest it does not indicate an impending collapse. Instead, this signal appears during a consolidation phase following a strong advance.

user avatarNguyen Van Long

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.