OP_CAT Proposal to Bring Smart Contracts to Bitcoin Finally Gets a 'BIP Number' [Yahoo! Finance]
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Source: Yahoo! Finance
“Getting a BIP number does not signal any sort of consensus on the part of the community," Ethan Heilman, one of the co-authors of the proposal alongside Armin Sabouri, said in an interview. "It just makes discussing and writing software around the proposal easier because the proposal now has a unique numeric identifier that everyone agrees on.” In other words, getting assigned BIP 347 means the argument over the controversial proposal can finally begin in earnest. On one side are those who want to reserve the Bitcoin network simply for monetary transactions; on the other are those who want to build new things on-chain, of which proponents of OP_CAT are just a sliver. OP_CAT has a long history in Bitcoin circles . Initially included as one of the first op_codes (essentially programming shortcuts built into Bitcoin), Satoshi Nakamoto himself removed the functionality in 2010 after concerns were raised about excessive memory usage and the possibility of introducing vulnerabilitie
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