What is a bitcoin Covenant?
Could you elaborate on what a Bitcoin Covenant is and its significance in the cryptocurrency and finance realm? I've heard of Bitcoin's innovative technology, but the term 'Covenant' seems relatively obscure. Is it a new feature, a type of contract, or a security measure? I'm curious to know how it works, its potential impact on Bitcoin transactions, and how it's being utilized in the current financial landscape. Additionally, I'd appreciate any insights into its advantages and potential challenges in the broader context of cryptocurrency adoption and regulation.