New White Paper on Bitcoin Attracted Attention: Ethereum-Like Contracts May Come!

BitVM ZeroSync project leader Robin Linus has published a new “White Paper” that will provide broader and competent usage areas for Bitcoin (BTC).

Robin Linus published a new White Paper for Bitcoin on October 9th. published. In total page 8 formed “BitVM: Calculate Anything in Bitcoin” In this text titled Bitcoin Ethereum (ETH) like different blockchains And interacting with sub-formations It was stated that it would allow.

Thanks to this new software Any computable transaction can be verified in Bitcoin. stated Robin Linus, this is more significant He argued that it would enable Bitcoin contracts.

This update, called BitVM, does not change Bitcoin’s consensus rules. Turing-complete It was stated that it would make the contracts possible. In line with this step taken, Bitcoin contracts “logic” will be executed off-chain, but verification will be done on Bitcoin. BitVM, November 2021took place in Taproot soft fork It was enabled by .

In the article in question, Robin Linus made the following statements about the various areas that BitVM integration will add to Bitcoin:

Potential applications include verifying proofs of validity in games such as Chess, Go or Poker, and especially in Bitcoin contracts. Additionally, with Bitcoin it may be possible to bridge different chains, create a prediction market, or emulate new transaction codes.

Linus, your next “milestone” Writing and debugging Bitcoin contracts A high-level programming language for Tree++He emphasized that his aim is to fully integrate into BitVM.

The BitVM update also received support from the Bitcoin community. Popular Bitcoin supporter Eric Wall, stated that he examined the concepts in Wihte Paper and was looking forward to seeing their equivalent in practice. Popular Bitcoin advocates are among those affected by this step: Dylan LeClair And Adam Backplace in took.


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