OP_CTV Deep Dive Details Trust-Minimized Bitcoin Vaults and Recovery

On June 16, Part 2 of the Bitcoin Covenants series examined OP_CHECKTEMPLATEVERIFY in detail, showing how the BIP-119 proposal enables predefined spending templates for safer self-custody. The coverage follows Part 1 articles published June 14-15 that introduced 12 covenant proposals and their potential to support trustless layer-2s, non-custodial vaults, and efficient payment channels. All major paths still require a soft fork, leaving activation stalled by Core-Knots governance friction. Near-term BTCUSD price impact remains negligible while the long-term utility narrative strengthens.