Term
CheckTemplateVerify
A proposed Bitcoin opcode that would enable simple covenants by committing to a template of future transactions.
Type:
proposal
script
Also known as:
CTV
BIP-119
1
definition
CheckTemplateVerify would allow outputs to restrict future spends to match a pre-committed transaction pattern. This enables vaults and batched payments without complex scripts.
2
status
- Still a proposal for Bitcoin; not activated at the time of writing
- Similar goals may be achieved on other chains via different mechanisms
Related Terms
Covenant
→A script technique that restricts how coins can be spent in the future, enforcing policies at the UTXO level.
script
security
Opcode
→A fundamental element of Bitcoin's scripting language that enables complex transactions.
technical
blockchain
Taproot
→A Bitcoin upgrade that enables more private and efficient spending using Schnorr signatures and script path commitments.
btc
upgrade
All terms and definitions may update as the Cryptionary improves.
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