Yesterday, the leader of the ZeroSync project released a white paper titled "BitVM: Compute Anything on Bitcoin", which attracted widespread attention. BitVM is a new computing paradigm that combines Optimistic Roll Up, Fraud Proof, Taproot Leaf, and Bitcoin Script. It allows the expression of Turing-complete Bitcoin contracts without changing the consensus rules of the Bitcoin network, which can execute any computable function and perform offline calculations without leaving any traces on the chain.
The white paper reached 110,000 views in just one hour after it was released, and as of writing, the number of views has reached 1.82 million. Bitcoin developers have mixed views on BitVM. BioniqMarket CEO @BobBodily said that BitVM is not a set-and-forget solution, it is slower, more expensive, and more complex, but its core advantage is that we can get additional programmability on Bitcoin now without the need to upgrade .
Researcher Sam Parker sees the potential BitVM offers to enable more programming capabilities without modifying the Bitcoin protocol, and how this capability can help decentralize and eliminate the need for trusted third parties. At the same time, he also mentioned that this is an optional feature, and the Bitcoin community and users can choose whether and how to use this feature.
BitVM brings new possibilities to the Bitcoin network, sparking in-depth discussions about Bitcoin’s design and evolution. How it will be implemented and function in the Bitcoin network in the future will be a very attractive technological exploration journey. This also raises a critical question: Are we ready to expand Bitcoin from a digital currency mainly used to store value and transactions to a global platform that can perform broader and more complex calculations?
The white paper reached 110,000 views in just one hour after it was released, and as of writing, the number of views has reached 1.82 million. Bitcoin developers have mixed views on BitVM. BioniqMarket CEO @BobBodily said that BitVM is not a set-and-forget solution, it is slower, more expensive, and more complex, but its core advantage is that we can get additional programmability on Bitcoin now without the need to upgrade .
Researcher Sam Parker sees the potential BitVM offers to enable more programming capabilities without modifying the Bitcoin protocol, and how this capability can help decentralize and eliminate the need for trusted third parties. At the same time, he also mentioned that this is an optional feature, and the Bitcoin community and users can choose whether and how to use this feature.
BitVM brings new possibilities to the Bitcoin network, sparking in-depth discussions about Bitcoin’s design and evolution. How it will be implemented and function in the Bitcoin network in the future will be a very attractive technological exploration journey. This also raises a critical question: Are we ready to expand Bitcoin from a digital currency mainly used to store value and transactions to a global platform that can perform broader and more complex calculations?