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BitVM: Compute Anything on Bitcoin

  • Paper
  • Oct 9, 2023
  • #Bitcoin
яobin linus 💪🤓🧡
@robin_linus
(Author)
bitvm.org
Read on bitvm.org
4 Recommenders
4 Mentions
BitVM is a computing paradigm to express Turing-complete Bitcoin contracts. This requires no changes to the network’s consensus rules. Rather than executing computations on Bitcoin,... Show More

BitVM is a computing paradigm to express Turing-complete Bitcoin contracts. This requires no changes to the network’s consensus rules. Rather than executing computations on Bitcoin, they are merely verified, similarly to optimistic rollups. A prover makes a claim that a given function evaluates for some particular inputs to
some specific output. If that claim is false, then the verifier can perform a succinct fraud proof and punish the prover. Using this mechanism, any computable function
can be verified on Bitcoin. Committing to a large program in a Taproot address requires significant amounts of off-chain computation and communication, however the resulting on-chain footprint is minimal. As long as both parties collaborate, they can perform arbitrarily complex, stateful off-chain computation, without leaving any trace in the chain. On-chain execution is required only in case of a dispute.

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Maxim Orlovsky @dr_orlovsky · Oct 9, 2023
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Great discovery that takes just three steps: - logical NAND gate with Bitcoin script - bit commitments - taproot tree and makes universal computing machine with them. However real-world programs, including things like zk-STARKS, require multiplication and modulo division, absent…
Super Testnet @super_testnet · Oct 9, 2023
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This is probably the most exciting discovery in the history of bitcoin script. It seems to knock down practically every door, and gives us access to covenants, sidechains, and powers similar to Liquid or the EVM, all at once with no forks required. I can't wait to publish my demo
Bob Bodily, PhD 👋 | #BTC #ETH #ICP @BobBodily · Oct 10, 2023
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BitVM: Everything you need to know (and more...) BitVM is a new Optimistic Roll Up + Fraud Proof + Taproot Leaf + Bitcoin Script computing paradigm designed by Robin Linus at Zero Sync. They published an excellent white paper this morning reviewed by Super Testnet and Sam Parker…
Hampus Sjöberg ⚡ @hampus_s · Oct 11, 2023
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BitVM is an evolution of the idea of Taproot, which is that multi-party contracts should be hidden unless there is a dispute, which in turn is based on the hypothesis that most (if not all) multi-party contracts can be resolved with a 2/2 multisig. Exciting times ahead!
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