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+##
+**`<pre>
+  BIP: 119
+  Layer: Consensus (soft fork)
+  Title: CHECKTEMPLATEVERIFY
+  Author: Jeremy Rubin <j@rubin.io>
+  Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0119
+  Status: Draft
+  Type: Standards Track
+  Created: 2020-01-06
+  License: BSD-3-Clause
+</pre>
+
+==Abstract==
+
+This BIP proposes a new opcode, OP_CHECKTEMPLATEVERIFY, to be activated
+as a change to the semantics of OP_NOP4.
+
+==Summary==
+
+OP_CHECKTEMPLATEVERIFY uses opcode OP_NOP4 (0xb3) as a soft fork upgrade.
+
+OP_CHECKTEMPLATEVERIFY does the following:
+
+* There is at least one element on the stack, fail otherwise
+* The element on the stack is 32 bytes long, NOP otherwise
+* The DefaultCheckTemplateVerifyHash of the transaction at the current input index is equal to the element on the stack, fail otherwise
+
+The DefaultCheckTemplateVerifyHash commits to the serialized version, locktime, scriptSigs hash (if any
+non-null scriptSigs), number of inputs, sequences hash, number of outputs, outputs hash, and
+currently executing input index.
+
+The recommended standardness rules additionally:
+
+* Reject non-32 byte as SCRIPT_ERR_DISCOURAGE_UPGRADABLE_NOPS.
+
+==Motivation==
+
+This BIP introduces a transaction template, a simple spending restriction that
+pattern matches a transaction against a hashed transaction specification.
+OP_CHECKTEMPLATEVERIFY reduces many of the trust, interactivity, and storage
+requirements inherent with the use of pre-signing in applications.
+For more details on applications, please see the references.
+
+
+==Detailed Specification==
+
+The below code is the main logic for verifying CHECKTEMPLATEVERIFY, described
+in pythonic pseudocode. The canonical specification for the semantics of
+OP_CHECKTEMPLATEVERIFY as implemented in C++ in the context of Bitcoin Core can
+be seen in the reference implementation.
+
+The execution of the opcode is as follows:
+<source lang="python">
+def execute_bip_119(self):
+    # Before soft-fork activation / failed activation
+    # continue to treat as NOP4
+    if not self.flags.script_verify_default_check_template_verify_hash:
+        # Potentially set for node-local policy to discourage premature use
+        if self.flags.script_verify_discourage_upgradable_nops:
+            return self.errors_with(errors.script_err_discourage_upgradable_nops)
+        return self.return_as_nop()
+
+    # CTV always requires at least one stack argument
+    if len(self.stack) < 1:
+        return self.errors_with(errors.script_err_invalid_stack_operation)
+
+    # CTV only verifies the hash against a 32 byte argument
+    if len(self.stack[-1]) == 32:
+        # Ensure the precomputed data required for anti-DoS is available,
+        # or cache it on first use
+        if self.context.precomputed_ctv_data == None:
+            self.context.precomputed_ctv_data = self.context.tx.get_default_check_template_precomputed_data()
+
+        # If the hashes do not match, return error
+        if stack[-1] != self.context.tx.get_default_check_template_hash(self.context.nIn, self.context.precomputed_ctv_data):
+            return self.errors_with(errors.script_err_template_mismatch)
+
+        return self.return_as_nop()
+
+    # future upgrade can add semantics for this opcode with different length args
+    # so discourage use when applicable
+    if self.flags.script_verify_discourage_upgradable_nops:
+        return self.errors_with(errors.script_err_discourage_upgradable_nops)
+    else:
+        return self.return_as_nop()
+</source>
+
+The computation of this hash can be implemented as specified below (where self
+is the transaction type). Care must be taken that in any validation context,
+the precomputed data must be initialized to prevent Denial-of-Service attacks.
+Any implementation *must* cache these parts of the hash computation to avoid
+quadratic hashing DoS. All variable length computations must be precomputed
+including hashes of the scriptsigs, sequences, and outputs. See the section
+"Denial of Service and Validation Costs" below. This is not a performance
+optimization.
+
+<source lang="python">
+
+def ser_compact_size(l):
+    r = b""
+    if l < 253:
+        # Serialize as unsigned char
+        r = struct.pack("B", l)
+    elif l < 0x10000:
+        # Serialize as unsigned char 253 followed by unsigned 2 byte integer (little endian)
+        r = struct.pack("<BH", 253, l)
+    elif l < 0x100000000:
+        # Serialize as unsigned char 254 followed by unsigned 4 byte integer (little endian)
+        r = struct.pack("<BI", 254, l)
+    else:
+        # Serialize as unsigned char 255 followed by unsigned 8 byte integer (little endian)
+        r = struct.pack("<BQ", 255, l)
+    return r
+
+def ser_string(s):
+    return ser_compact_size(len(s)) + s
+
+class CTxOut:
+    def serialize(self):
+        r = b""
+        # serialize as signed 8 byte integer (little endian)
+        r += struct.pack("<q", self.nValue)
+        r += ser_string(self.scriptPubKey)
+        return r
+
+def get_default_check_template_precomputed_data(self):
+    result = {}
+    # If there are no s`**
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