Bitcoin Developer Proposes BitVM to Enable More Complex Smart Contracts Without Blockchain Congestion
-
Bitcoin developer Robin Linus released a paper proposing BitVM, which enables more complex smart contracts on Bitcoin.
-
BitVM allows computation to happen "off-chain", avoiding congestion on Bitcoin's blockchain.
-
If it works, BitVM could enable sidechains, rollups, and other scaling solutions on Bitcoin.
-
The proposal works on Bitcoin today without needing a fork, unlike previous upgrades like Taproot.
-
Some developers are skeptical about BitVM's efficiency, but Linus believes the problems can be solved over time.