CTV+CSFS: Can we reach consensus on a first step towards covenants?
Posted by moonsettler
Mar 18, 2025/00:52 UTC
The utility and economic benefits of bare CTV (covenant transaction outputs) in certain cases are highlighted due to its design which lacks an "address" feature. This characteristic is particularly advantageous because it eliminates the risk of accidentally sending funds from wallets to a nonexistent address, which would result in the loss or burning of those funds. By not having an address to send to by mistake, users can avoid common errors that lead to financial losses, making transactions more secure and efficient. This aspect of bare CTV underscores its potential as a safeguard against operational errors in cryptocurrency transactions, contributing to its perceived usefulness and cost-effectiveness in the digital finance landscape.
TLDR
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