Bitcoiner drops BitVM paper — bringing Ethereum-like contracts to Bitcoin
The author of the white paper, Robin Linus, based BitVM’s architecture on Ethereum’s optimistic rollups with fraud proofs and recent Merkle tree developments. A Bitcoin developer has proposed a new way to bring more expressive off-chain smart contracts to Bitcoin (BTC) without needing a soft fork. Announced in an Oct.9 white paper titled “BitVM: Compute Anything on Bitcoin” by ZeroSync’s project lead Robin Linus, BitVM enables Turing-complete Bitcoin contracts without altering Bitcoin’s consensus rules. "Any computable function can be verified on Bitcoin"https://t.co/Itf9UHos0C pic.twitter.com/CLQv49Ydsg — яobin linus (@robin_linus) October 9, 2023 A Turing Complete system is one which can theoretically provide an answer to any computational problem. The “logic” of Bitcoin contracts is executed off-chain but is then verified on Bitcoin — similar to Ethereum’s optimistic rollups. BitVM’s architecture is based on fraud proofs and a challenge-response model where a “p...