03
Understanding BIP-446 and OP_TEMPLATEHASH

An overview of BIP-446 explains OP_TEMPLATEHASH, a proposed Bitcoin opcode for committing to transaction templates, its trade-offs compared with CTV, and implications for BitVM constructions.

spark.money/glossary
🔗 BIP 446 (OP_TEMPLATEHASH)

A Taproot-native alternative to CTV that provides transaction template verification with a cleaner implementation. BIP 446 is a draft Bitcoin Improvement Proposal that defines a new opcode called OP_TEMPLATEHASH for use within Tapscript.