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Robert Linus – project lead at Bitcoin development group ZeroSync – has proposed a new system allowing developers to “compute anything on Bitcoin,” giving it functionality more similar to its neighboring crypto network Ethereum.
Unlike other proposals to expand Bitcoin’s capabilities, “BitVM” does not require any changes to Bitcoin’s code that could cause the network and community to contentiously rift apart.Rather than executing complex computations on the blockchain itself, the system suggests that they merely be “verified” on Bitcoin, with computation done off-chain. Linus likened the system toLinus said this could make games like “Chess, Go, or Poker” possible on Bitcoin.
However, the risks of implementing and coordinating the upgrade, which would change Bitcoin’s consensus rules, made many skeptical of the proposal. According to Drivechains authorLike most proposals, Linus said BitVM still harbors limitations. “The main drawback… is that it is limited to the two-party setting with a prover and a verifier,” he noted, adding that it also requires “significant amounts of off-chain computation and communication… to execute programs.
Despite generating over 2.4 million impressions on Twitter, many developers were quick to call the project overhyped.Paradigm researcher Dan Robinson on Monday. “The protocol only works for two parties, so it can’t be used in rollups or other multiparty applications.”that a different version of Linus’s proposal has existed since 2016, in the form of Greg Maxwell’s Zero-Knowledge Contingent Payment system.
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