CoinEx institution: BitVM, the potential of smart contracts on the Bitcoin mainnet

On October 9, Robin Linus, a developer from ZeroSync, released the BitVM whitepaper, which attracted huge attention from the community. BitVM introduces a new computing paradigm capable of expressing Turing-complete Bitcoin contracts without requiring modifications to the network’s consensus rules.

Decentralized Smart Contracts: Limitations and Goals Bitcoin’s Script, a stack-based language, provides fundamental control structures, such as conditional checks, for defining the validation logic of transactions. It demands valid digital signatures to spend bitcoins through a simple process of conditional validation.