Odaily Planet Daily News Robin Linus, co-founder of blockchain developer ZeroSync, released a BitVM white paper, which aims to enhance the functionality of Bitcoin smart contracts without the need for a soft fork upgrade to the network consensus rules.
Linus explained: “Any computable function can be verified on Bitcoin, which makes Bitcoin’s smart contracts more expressive. In particular, it (BitVM) implements features that we originally thought would require a soft fork. ”, is expected to bring more DeFi use cases and scalability to the Bitcoin network.
According to commentator Sam Parker, BitVM means that Bitcoin can now be as Turing complete as any other chain (Note: Turing completeness refers to a system that can perform any task given enough time and resources. calculate).
According to the white paper, potential applications include gaming and proof-of-validity verification of Bitcoin contracts. It noted that it would also be possible to bridge Bitcoin with other chains, build a prediction market or simulate new smart contract operations. (The Block)