research · bitcoin
The Covenants Use-Case Atlas
Twenty-four covenants, one grammar. Hover a tile: it flips & plays its mechanism. The UTXO is consumed by its stencil, & what the covenant committed to emerges.
Jesus Najera
CEO, Cofund · Aug 19, 2026
The basic covenant
Congestion-control batching
Vaults
Payment pools
DLC compression
Ark: non-interactive issuance
Non-interactive channel opens
Batch channels
Timeout-trees / channel factories
LN-Symmetry
Spacechains
Coordination-free mining pools
Soft-fork bets
Decentralized options
Bitcoin Clique
Pathcoin
Safer HTLC limits
Trust fund drip
Inheritance / dead-man’s switch
Refundable escrow
Vesting payroll
Timeout-tree airdrop
One-way rails
Sapio
Rate-limited vault (MCCV)
Rebindable statechains
More research
research
How Safe Is My Multisig?
An exercise in modeling p(lose quorum) with Monte Carlo simulation. The ColdCard hack brought a fresh, energized demand for multisigs under the assumption that a multisig setup is unequivocally safer than a single key. But is this strictly true? Doesn't it vary based on participants, threshold, lost keys, check-ins? In this article we build a framework to approximate p(lose quorum), or, in other words, to answer: how safe is your multisig setup?
research · Sep 22, 2026
research
What Is an Economic Node?
A post-mortem of BIP110 & an attempt to answer the question “what is an economic node?” Many decentralization metrics were brought up prior to activation. This piece defines the object those metrics missed, reviews various measurement frameworks, & conducts our own analysis. While the reachable independent node population hovers around ~27k clearnet nodes, the research indicates that the number of “economically relevant” nodes in a fork war might be closer to 10.
research · Aug 18, 2026
Ready to get started?
Multisig-secured treasury, payroll, and payments for your business.
Login | Register