Bitcoin Improvement Proposals Gain Support for Potential Soft Fork

According to PANews, two Bitcoin Improvement Proposals (BIPs), BIP 119 and BIP 348, are gaining public support and may be implemented in Bitcoin's next soft fork. BIP 119 refers to OP_CHECKTEMPLATEVERIFY (CTV), while BIP 348 pertains to OP_CHECKSIGFROMSTACK (CSFS). These proposals introduce new methods for scripting Bitcoin, receiving clear backing from numerous developers. They have the potential to significantly enhance Bitcoin's self-custody, fee management, and existing technologies such as the Lightning Network, Ark, and contract-based applications. Blockspace reports that this marks the first time in over four years that Bitcoin users are advocating for changes to the project's underlying software. The process of a Bitcoin soft fork requires the support of stakeholders, including developers, custodians, investors, and miners. Miners need to express their approval for changes to the blocks they mine.