What to know:
- Taproot Wizards has conjured up a whopping $30 million to create a magical ecosystem of applications using the OP_CAT Bitcoin improvement proposal. 🧙♂️💰
- OP_CAT is like the fairy godmother of Bitcoin, potentially sprinkling Ethereum-like smart contract functionality all over it. ✨
- The Wizards are on a quest to “meme OP_CAT back into existence,” because apparently, that’s how you summon tech magic these days. 🐱👤
So, here’s the scoop: Taproot Wizards have managed to raise $30 million, which they plan to use to build an ecosystem of applications based on the OP_CAT Bitcoin improvement proposal (BIP). Yes, you heard that right—$30 million! That’s enough to buy a small island or, you know, a lot of cat memes. 🏝️
Now, OP_CAT is a feature that Satoshi Nakamoto, the mysterious wizard behind Bitcoin, originally included in the software’s code. But then, in a fit of paranoia, he/she/they decided to yank it out, fearing it might expose Bitcoin to the dreaded denial-of-service (DoS) attack. Because who wouldn’t want to protect their digital treasure from being turned into digital confetti? 🎉
Many developers are scratching their heads and raising eyebrows at the idea of bringing OP_CAT back. It’s like trying to resurrect a long-lost pet goldfish—do you really want to go there? 🐟
This proposal could introduce “covenants,” which are basically rules that dictate how a specific transaction will function. Think of it as the rulebook for a game that nobody really knows how to play yet. 🎲
Taproot Wizards, with their grand vision to “make Bitcoin magical again,” previously sold a collection of 3,000 non-fungible token (NFT)-like pieces of digital art called “Quantum Cats.” Yes, you read that right—Quantum Cats! Because why not mix quantum physics with feline charm? 🐱✨
In an email announcement, the Wizards declared their mission to “meme OP_CAT back into existence.” Apparently, memes are the new magic spells in the tech world. Who knew? 🤷♂️
Co-founder Udi Werthimer describes OP_CAT as “the missing piece” to achieving “permissionless programmability for Bitcoin.” This means you could potentially lend, trade, and create smart contracts without having to hand over your precious self-custody. Sounds like a win-win, right? 🏆
The $30 million funding round was led by Standard Crypto, proving once again that in the world of cryptocurrency, money really does grow on digital trees. 🌳💸
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2025-02-05 00:11