What Covenant Proposals are Being Looked at for Bitcoin in 2025?
The call by Jeremy Rubin, of Bitcoin research and development organisation Judica, to build consensus around a covenant proposal that could improve transaction efficiency, security and programmability is bold. Bitcoin has a notoriously conservative development culture, and any upgrade proposals are closely scrutinised due to concerns over security risks and unintended consequences. If adopted, covenants could enable advanced financial applications, vaults, and improved scalability while preserving decentralisation. However, the broader debate reflects a divide between those advocating for cautious innovation and those wary of altering Bitcoin’s fundamental design. Whether Rubin’s initiative leads to widespread agreement remains uncertain, but it has reignited discussions on Bitcoin’s evolution.