What are bitcoin Covenant proposals?
Could you elaborate on the concept of Bitcoin Covenant proposals? I'm curious to understand their significance in the cryptocurrency landscape. Do these proposals serve as a framework for changing the Bitcoin protocol? If so, what kind of changes do they typically aim to introduce? Are they community-driven or initiated by specific individuals or groups? How do they go through the approval process, and what impact can they have on the overall network? Clarifying these points would greatly assist me in grasping the full picture of Bitcoin Covenant proposals.