One such experiment involved the demonstration of a spacechain using CheckTemplateVerify (CTV) on Signet, as seen in the simple-ctv-spacechain project on GitHub. This project utilized a chain of CTVs ending in an OP_RETURN operation, providing a practical example of CTV's capabilities on Signet with transaction details available for review. Despite varying levels of interest among different user groups, with developers showing a preference for regtest environments and average users less engaged with complex constructs, platforms like the CTV playground have attracted attention for experimenting with new functionalities. Demonstrations such as joinpool transactions serve as real-world applications of these innovations, offering transparency and deeper analysis through links to transactions on mempool.space.

Bitcoin Improvement Proposals (BIPs) 118, 119, and 347 have introduced considerable enhancements to scripting capabilities, with their activation on signet marking a notable shift. BIP 118's SIGHASH_ANYPREVOUT allows for more versatile transaction signing, with its use primarily observed in coinbase payout spendings and APOAS signature reuses for faucet returns, albeit with significant fees. The strategic use of APO for overriding OP_CHECKTEMPLATEVERIFY in scripts indicates its potential for structuring transactions. BIP 119's OP_CHECKTEMPLATEVERIFY facilitates complex spending conditions and secure vault mechanisms, with some transactions directly utilizing CTV in their scriptPubKey. Meanwhile, BIP 347's OP_CAT sees substantial application, outpacing APO or CTV usage, mainly due to its role in processes like the Proof of Work faucet, highlighting its impact on transaction volume. Transactions related to STARK verification and vault or covenant behaviors exemplify OP_CAT/CHECKSIG's utility in crafting advanced contract structures, enhancing security and functionality in Bitcoin scripting.

The methodological approach to tracking these innovations involves modifications to the signet node's validation process, allowing for the identification and logging of transactions employing these advanced features. This reflects the continuous effort by the Bitcoin developer community to explore and implement sophisticated scripting capabilities for diverse, secure applications within the ecosystem.