Turing complete smart contracts coming to Bitcoin in one way or another, wonder which implementation will be the winner of this race. Rollups, Spiderchains, Rootstock and now BitVM, all have different methods of bringing smart contracts to Bitcoin and all have their own trade offs
With BitVM it uses taproot to activates a contract and two parties can start exchanging off-chain data to trigger state changes in the circuit.
Checkout the whitepaper here:
https://bitvm.org/bitvm.pdf
TheBitcoinManual
npub10m…kn8mj
2023-10-09 14:43:12
Author Public Key
npub10mxnle348mzv2dnj0ylgz3zu9gceenc29x9fr4m6mnars66j7vxsnkn8mjPublished at
2023-10-09 14:43:12Event JSON
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"pubkey": "7ecd3fe6353ec4c53672793e81445c2a319ccf0a298a91d77adcfa386b52f30d",
"created_at": 1696862592,
"kind": 1,
"tags": [],
"content": "Turing complete smart contracts coming to Bitcoin in one way or another, wonder which implementation will be the winner of this race. Rollups, Spiderchains, Rootstock and now BitVM, all have different methods of bringing smart contracts to Bitcoin and all have their own trade offs\n\nWith BitVM it uses taproot to activates a contract and two parties can start exchanging off-chain data to trigger state changes in the circuit. \n\nCheckout the whitepaper here:\n\nhttps://bitvm.org/bitvm.pdf",
"sig": "fc3ce080a1d7894450553bf33c08566e2f742343daaeb1b0e1d55441408cdfe4280bd9a95b51e193d08169a00d54f770c426dc0895325a0ca4a043fe7753882a"
}