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Blockspace: Developer consensus may reach agreement on Bitcoin soft fork proposal

2025-03-17 23:31

According to CoinDesk citing Blockspace, two Bitcoin improvement proposals (BIPs), BIP 119 and BIP 348, are gaining public support and may be implemented in the next soft fork of Bitcoin. BIP 119 refers to OP_CECKTEMPLETVERITY (CTV), while BIP 348 refers to OP_CECKSIGFROMSTACK (CSFS). These BIPs propose new methods for writing Bitcoin scripts, which have received explicit support from numerous developers and can significantly improve Bitcoin's self custody, fee management, and existing technologies such as Lightning Network, Ark, and contract based applications. Blockspace wrote that this is the first time in over four years that Bitcoin users have pushed for changes to the underlying software of the project. It is reported that the process of Bitcoin soft fork requires the support of stakeholders including developers, custodians, investors, and miners, and miners need to express their support for making changes to the blocks they mine.

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