BitVM, a computing paradigm introduced by Robin Linus of ZeroSync, aims to bring smart contract capabilities to the Bitcoin blockchain. The whitepaper, released on October 9, has sparked a heated debate within the crypto community. BitVM contracts are similar to optimistic rollups on Ethereum, allowing for the verification of computations without changing the network’s consensus rules. The technology relies on hash locks, time locks, and large Taproot trees. The protocol involves a challenge-response game between a prover and a verifier, with the verifier able to take the prover’s deposit if any incorrect claims are made. However, BitVM is still in its early stages and is primarily intended for two people at a time. The crypto community is divided over the proposal, with some praising its potential and others expressing skepticism.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	0
People	Francesco Madonna, None, Tim Draper, Robin Linus, Giacomo Zucco
Companies	Bitcoin, Ethereum, Microsoft, ZeroSync, Helios Fund
Currencies	Bitcoin, Ethereum
Securities	None