Bitcoin Smart Contracts and BitVM

original: https://www.youtube.com/watch?v=oBb9NBxaMfs

author: Bitcoin University

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In this video, I discuss BitVM, which is a new way to bring Turing-complete computation to Bitcoin without unnecessarily burdening the base layer as Ethereum does with the EVM.

Here's the good news about BitVM:

BitVM does NOT require a soft fork or any protocol changes.

BitVM does NOT bloat the Bitcoin blockchain.

BitVM computations are NOT executed on Bitcoin, but merely verified using the Bitcoin network.

BitVM is a great example of how setting constraints can foster dev creativity, while still maintaining Bitcoin's core values of security and decentralization.

Not investment advice! Consult a financial advisor.