Discussing Bitcoin's potential upcoming upgrades: Galaxy Research
Galaxy Research analyzes Bitcoin’s potential next major upgrades: OP_CAT and OP_CTV. The report explains how OP_CAT could enable recursive covenants and trustless Bitcoin bridges, supporting BitVM developments, while OP_CTV offers efficiency gains for complex transactions like vaults and rollups.
galaxy.com
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Bitcoin’s Next Major Upgrade? An Assessment of OP_CAT & OP_CTV
Given the difficulty in achieving consensus on protocol changes, major upgrades to Bitcoin are rare. There is a long history of Bitcoin protocol developers rejecting contentious upgrades and taking years to implement the upgrades that do have the support of the broader Bitcoin community. This highlights developers’ commitment to preserving a conservative approach to Bitcoin development that promotes predictability, network fidelity, and backwards compatibility.