BitVM Dropped 3 Years Ago Today.
On Oct 9, 2023, Robin Linus posted the BitVM whitepaper with one line: "Any computable function can be verified on Bitcoin." The idea is Turing-complete Bitcoin contracts with no consensus changes, verified like optimistic rollups using fraud proofs. Today bitvm.org lists BitVM2, BitVM3 and a BitVM Bridge for bringing BTC to second layers. $BTC trades near $82,440 on Binance.
Will BitVM bridges unlock Bitcoin DeFi?
On Oct 9, 2023, Robin Linus posted the BitVM whitepaper with one line: "Any computable function can be verified on Bitcoin." The idea is Turing-complete Bitcoin contracts with no consensus changes, verified like optimistic rollups using fraud proofs. Today bitvm.org lists BitVM2, BitVM3 and a BitVM Bridge for bringing BTC to second layers. $BTC trades near $82,440 on Binance.
Will BitVM bridges unlock Bitcoin DeFi?