So these tx’s are similar to utxos that are small and fees are higher than the sats you’re trying to move?
So covenants aren’t useful in their current state to scale L1?
no it’s a reduction in the amount of data you need to write to chain; instead of writing in a pubkey you write in the promise to pay a bunch of pubkeys at some point, in the future
and in fact that bitcoin cant be used for anything else
then you have a promise and not a utxo, which is pretty worthless if you want to use that promise to pay someone else
so people are trying to design ways to pay each other with promises instead
and in fact that bitcoin cant be used for anything else
then you have a promise and not a utxo, which is pretty worthless if you want to use that promise to pay someone else
so people are trying to design ways to pay each other with promises instead
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