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Author Topic: Will Smart Contracts Come to Bitcoin?  (Read 2974 times)

Offline TomPluz

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Will Smart Contracts Come to Bitcoin?
« on: September 05, 2021, 05:53:56 AM »


One of the biggest driving force for the growth of Ethereum and now also with Solana and soon with Cardano is smart contracts. For me, smart contracts can be so useful in so many ways as it allows people and organizations to be "trusting" as parties in an agreement which is "a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code."

Now, I am just wondering...will smart contract eventually come to Bitcoin? I heard of this proposition before but until now I still have to see one. Just imagine how much growth Bitcoin will further experience if smart contracts can also be available with it...

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Will Smart Contracts Come to Bitcoin?
« on: September 05, 2021, 05:53:56 AM »

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Offline de_prof

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Re: Will Smart Contracts Come to Bitcoin?
« Reply #1 on: September 05, 2021, 07:01:29 AM »


One of the biggest driving force for the growth of Ethereum and now also with Solana and soon with Cardano is smart contracts. For me, smart contracts can be so useful in so many ways as it allows people and organizations to be "trusting" as parties in an agreement which is "a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code."

Now, I am just wondering...will smart contract eventually come to Bitcoin? I heard of this proposition before but until now I still have to see one. Just imagine how much growth Bitcoin will further experience if smart contracts can also be available with it...

Good question, me to. I have think, if smart contract come to bitcoin we will see bitcoin as the King of  crypto currency, cannt be replaced for along time.
Bitcoin will be superior, because as long as bitcoin hasnit smart contract, ethereum and other will be solution.
So, lets wait
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Offline Ferki

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Re: Will Smart Contracts Come to Bitcoin?
« Reply #2 on: September 05, 2021, 08:58:38 AM »
This is what I found about it:

The upcoming Bitcoin update Taproot should now proceed in such a way that it combines the public keys of the users participating in a smart contract into a new public key. This key can then create a unique signature that is only valid for that particular combination of addresses.

Such so-called Schnorr signatures (after the German mathematician Claus Schnorr, who invented them in the 1970s) hide the public keys of the individual users in every smart contract and drastically reduce the space required.

On the one hand, only the combined public key is visible on the blockchain, which improves security and privacy. On the other hand, the smaller space requirement leads to significantly lower transaction fees. That should be particularly interesting after a new high in fees was only registered last April in the wake of the Bitcoin price increase.

Taproot eliminates overhead and significantly simplifies smart contracts

These two changes mean that even complex smart contract interactions will look like simple payments between two public keys. This could turn the Bitcoin network into a serious competitor for Ethereum. The project has the higher market value anyway.

An economically viable and high-performance defi platform on the Bitcoin blockchain would most likely meet with considerable interest.

Taproot is scheduled to start in November 2021.

Offline TomPluz

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Re: Will Smart Contracts Come to Bitcoin?
« Reply #3 on: October 10, 2021, 12:47:28 PM »
Quote
Good question, me to. I have think, if smart contract come to bitcoin we will see bitcoin as the King of  crypto currency, can not be replaced for along time. Bitcoin will be superior, because as long as bitcoin hasn't smart contract, Ethereum and other will be solution.
So, lets wait..

Smart contract is the best reason why we have Ethereum and why despite the incredible gas fees the network continues to be growing and though there are now competitors with a lot cheaper transaction fees it still continue to dominate and just wait when the gas can be fix and we can see Ethereum to soar into the sky. Now, if smart contracts can be done with Bitcoin then we can see it ballooned in use-case beyond being a store of value thing. And I think I already two projects doing this...let's hope they get into a viable and sustainable phase so we can see them in the marketplace.




Offline Seerge

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Re: Will Smart Contracts Come to Bitcoin?
« Reply #4 on: October 12, 2021, 05:48:15 PM »
I'm not sure smart contracts will come to Bitcoin, my reasoning is that Bitcoin is already popular without having to bring smart contracts. Then if smart contracts are present in Bitcoin, will there be new projects that use them? Because I believe the expensive fees that will be given, will be the first consideration of new Crypto Projects.

Offline elbans89

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Re: Will Smart Contracts Come to Bitcoin?
« Reply #5 on: October 19, 2021, 10:17:18 AM »
I'm not sure smart contracts will come to Bitcoin, my reasoning is that Bitcoin is already popular without having to bring smart contracts. Then if smart contracts are present in Bitcoin, will there be new projects that use them? Because I believe the expensive fees that will be given, will be the first consideration of new Crypto Projects.

Bitcoin team is anonymous, I don't think their team will create  smart contract platform.
without smart contract platform, bitcoin is the biggest and most popular.
So, I think It won't happen.
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Re: Will Smart Contracts Come to Bitcoin?
« Reply #6 on: October 19, 2021, 11:31:38 PM »
I heard about a few projects that are developing smart contracts for Bitcoin, applying to layer-2 of Bitcoin but temporarily they are not able to launch a complete and useful product for the community. If they succeed, we will have smart contracts backed by the world's most secure blockchain network.
That will change the entire crypto market.
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Re: Will Smart Contracts Come to Bitcoin?
« Reply #6 on: October 19, 2021, 11:31:38 PM »


Offline Papusha20

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Re: Will Smart Contracts Come to Bitcoin?
« Reply #7 on: October 20, 2021, 03:08:28 AM »
As Bitcoin becomes a cryptocurrency, its proliferation will increase day by day.  Because Bitcoin has gained immense popularity all over the world, this Bitcoin will only continue to gain popularity day by day.  If Bitcoin is further developed then of course its success will come more.

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Re: Will Smart Contracts Come to Bitcoin?
« Reply #8 on: November 18, 2021, 06:31:27 AM »


One of the biggest driving force for the growth of Ethereum and now also with Solana and soon with Cardano is smart contracts. For me, smart contracts can be so useful in so many ways as it allows people and organizations to be "trusting" as parties in an agreement which is "a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code."

Now, I am just wondering...will smart contract eventually come to Bitcoin? I heard of this proposition before but until now I still have to see one. Just imagine how much growth Bitcoin will further experience if smart contracts can also be available with it...

I think It's impossible, because until now we didn't know who is the man behind bitcoin.
I don't believe bitcoin team will improve btjeir project and has smart contract platform.
It seems will never happen at bitcoin.
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Offline trofim21

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Re: Will Smart Contracts Come to Bitcoin?
« Reply #9 on: November 18, 2021, 09:23:24 PM »
An interesting idea, I think that over time this can happen because bitcoin will need changes, the only question is how to do this if it does not have a team like other coins

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Re: Will Smart Contracts Come to Bitcoin?
« Reply #10 on: November 20, 2021, 04:10:05 PM »
Now, Internet Computers have taken one more step into the future. Its community recently voted for and approved the “Improved Storage Tube” as Internet Computers continues to integrate more features and improve its platform. Furthermore, the community will use the power provided by the Internet Computer governance model to opt for integration with the Bitcoin blockchain. In practice, this would allow Bitcoin to have the functionality of smart contracts (or Canisters, as they are called in Internet Computers) on Internet Computer Networks with low-cost transactions and fast settlement. Thus, the decentralized ecosystem in both networks can evolve into an unprecedented era.
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Re: Will Smart Contracts Come to Bitcoin?
« Reply #11 on: November 26, 2021, 04:07:02 PM »


One of the biggest driving force for the growth of Ethereum and now also with Solana and soon with Cardano is smart contracts. For me, smart contracts can be so useful in so many ways as it allows people and organizations to be "trusting" as parties in an agreement which is "a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code."

Now, I am just wondering...will smart contract eventually come to Bitcoin? I heard of this proposition before but until now I still have to see one. Just imagine how much growth Bitcoin will further experience if smart contracts can also be available with it...

So far, I didn't see bitcoin team will improve their project to create smart contract platform.
Bitcoin is the pioneer of crypto currency and I see their team is anonymous. So, maybe It will never happen.
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Offline silkytakyaan86

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Re: Will Smart Contracts Come to Bitcoin?
« Reply #12 on: February 06, 2022, 07:35:25 PM »
Yes of course. There is no doubt that smart contracts will come to bitcoin. Because bitcoin is a very popular coin. Bitcoin is the king of all coins. Slowly the market of bitcoin is spreading all over the world.

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INVESTING, TRADING,
LOTTERY, MARKET
PREDICTIONS.
 
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GAMEFI  ◼  NFT  ◼  DEFI  ◼  CURRENCY TRADING
CURRENCY TRADING  ◼  DEFI  ◼  NFT  ◼  GAMEFI
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.FOREX..TRADING FROM $1.
 
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Online KryptoBull

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Re: Will Smart Contracts Come to Bitcoin?
« Reply #13 on: February 07, 2022, 02:30:00 AM »
I also hope Bitcoin has smart contracts soon so people can use Bitcoin for more purposes, but maybe those purposes have been realized by altcoins ETH, SOL, NEAR, DOT… Bitcoin should become assets of the world to coexist with gold.

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Re: Will Smart Contracts Come to Bitcoin?
« Reply #14 on: February 13, 2022, 09:57:37 AM »
Yes of course. There is no doubt that smart contracts will come to bitcoin. Because bitcoin is a very popular coin. Bitcoin is the king of all coins. Slowly the market of bitcoin is spreading all over the world.

Where is bitcoin developer ??
They are anonymous, I  think It's impossible bitcoin will be smart contract platform, because no one will improve bitcoin project.

 

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