The Emulator - Covenants without a softfork
2026-06-10 , Prague West (↑ upstairs)

For years I've chased the same goal: expressive, non-custodial Bitcoin apps requiring minimal trust.
First DLCs. Then DLC channels on Lightning. Then DLCs on Arkade. Each step hit the same wall: Bitcoin Script is too limited. Transaction covenants would solve it, but a softfork is far away.
The Arkade Emulator brings real covenant primitives to Bitcoin today, without a softfork. Inspect outputs, verify amounts, propagate spending conditions.
I'll talk about what this actually unlocks, what you can build with it, and where the limits are.

Philipp is a developer and co-founder of Lendasat. Since 2018 he has been building non-custodial Bitcoin infrastructure: peer-to-peer derivatives on DLC channels (10101.finance), cross-chain atomic swaps across Lightning and Arkade, and contributing to the Arkade Rust library. He has a long obsession with making Bitcoin Script do more than it can today.