Bitcoin Smart Contracts and BitVM
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In this video, I discuss BitVM, which is a new way to bring Turing-complete computation to Bitcoin without unnecessarily burdening the base layer as Ethereum does with the EVM.
Here's the good news about BitVM:
BitVM does NOT require a soft fork or any protocol changes.
BitVM does NOT bloat the Bitcoin blockchain.
BitVM computations are NOT executed on Bitcoin, but merely verified using the Bitcoin network.
BitVM is a great example of how setting constraints can foster dev creativity, while still maintaining Bitcoin's core values of security and decentralization.
Not investment advice! Consult a financial advisor.
Does Bitcoin Have Smart Contracts?
• Does Bitcoin Have Smart Contracts?
BitVM white paper:
https://bitvm.org/bitvm.pdf
BTC whales buying, ETH whales dumping:
https://decrypt.co/201674/bitcoin-eth...
BitVM explained in 4 slides:
https://twitter.com/btcillustrated/st...
Shinobi's articles on BitVM:
https://bitcoinmagazine.com/technical...
https://bitcoinmagazine.com/technical...
Stephan Livera podcast on BitVM:
https://twitter.com/stephanlivera/sta...
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#BitVM
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
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