Unclaimed brand
We propose a novel UTXO-based token protocol on Bitcoin, called Covenant Attested Token (CAT) Protocol. It is miner validated and uses smart contracts, specifically covenants, to manage token mints and transfers. Compared with all existing token protocols on Bitcoin, it is solely enforced by Bitcoin Script at Layer 1 and has the following features.
Liking this brand profile? Share this page
Hex Code
Color name
RGB
HSL
CMYK
#915021
Rope
145, 80, 33
25, 63, 35
0, 45, 77, 43
#98D4F8
Malibu
152, 212, 248
203, 87, 78
39, 15, 0, 3
#E9B469
Porsche
233, 180, 105
35, 74, 66
0, 23, 55, 9
Covenant Attested Token (CAT) Protocol is an innovative UTXO-based token protocol designed for Bitcoin, offering a groundbreaking way to manage token minting and transfers through miner validation and smart contracts. The protocol stands out as it operates solely on Layer 1 Bitcoin Script, eliminating the need for indexers which often introduce risks of centralization and inconsistency. CAT Protocol guarantees the security of tokens by leveraging Bitcoin's Proof of Work mechanism, allowing both fungible and non-fungible tokens to be created under the CAT20 and CAT721 standards.
The modular and programmable nature of CAT tokens enables their use in decentralized applications such as Automated Market Makers and lending platforms, providing unparalleled flexibility. Additionally, the protocol supports trustless cross-chain interoperability, allowing assets to bridge seamlessly between blockchains. With full support for Simplified Payment Verification (SPV), light clients can independently verify token authenticity without centralized trust. This positions the CAT Protocol as a powerful tool for expanding the capabilities of Bitcoin beyond traditional applications.
Brand industry
Computers Electronics and Technology
Company type
Suggest company type
Year founded
Suggest founded year
Company size
Suggest company size
