Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Daisycrypt202 on February 18, 2025, 01:56:37 PM
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Imagine telling a Bitcoin maxi five years ago that Ethereum devs would be deploying smart contracts on a Bitcoin-native Layer 1, they’d probably laugh you out of the room. And yet, here we are.
Kaon just dropped into the scene, claiming to bring EVM compatibility to a blockchain that’s actually built with Bitcoin fundamentals. In plain English? It’s trying to be the bridge that finally lets Bitcoin’s security and Ethereum’s smart contract ecosystem shake hands.
Now, we’ve seen “Ethereum killers,” “Bitcoin killers,” and “the next big Layer 1s” come and go. Some deliver, most don’t. But the question is, can a network really merge these two worlds without breaking something in the process? Because if this works, we’re talking about a seriously different landscape for both ecosystems.
I know traders love a good debate, you think kaon will be a potential longterm? so what’s the take here? Can Bitcoin’s foundation support a smart contract ecosystem without losing its core principles? Or is this just another experiment that sounds great on paper but won’t stick?
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I believe there are many things to consider within this discussion just because the people trying to push are a significant part of the other chain. I think there’s still no problem with them going to the Bitcoin chain and developing there as long as the improvement is continuous. I don’t see anything wrong with it.
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The idea of merging Bitcoin's security with Ethereum's smart contract ecosystem, as proposed by Kaon kinda raises significant concerns if you ask me. While it may seem nice to combine the best of both ecosystems, you still can't ignore some core differences and goals between both networks.
Bitcoin's primary focus is on being a secure, decentralized, and censorship-resistant store of value whereas Ethereum's emphasis is on enabling smart contracts and decentralized applications and more of a Centralised network.
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I know traders love a good debate, you think kaon will be a potential longterm? so what’s the take here? Can Bitcoin’s foundation support a smart contract ecosystem without losing its core principles? Or is this just another experiment that sounds great on paper but won’t stick?
Never heard of Kaon before will look into it but merging both world can be possible because of the existence of l2 networks on blockchain as they already exists and functional therefore creation of smart contract on bitcoin network is possible.
The real functionality might confuse the network structure as BTC is POW and ETH is POS what will be the structure of Kaon then!
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I know traders love a good debate, you think kaon will be a potential longterm? so what’s the take here? Can Bitcoin’s foundation support a smart contract ecosystem without losing its core principles? Or is this just another experiment that sounds great on paper but won’t stick?
Never heard of Kaon before will look into it but merging both world can be possible because of the existence of l2 networks on blockchain as they already exists and functional therefore creation of smart contract on bitcoin network is possible.
The real functionality might confuse the network structure as BTC is POW and ETH is POS what will be the structure of Kaon then!
That’s a solid point. L2s have already shown that interoperability isn’t just possible, it’s happening. But yeah, the real question is how Kaon handles the structural differences between BTC’s POW and ETH’s POS. If it leans too much on one side, it risks alienating the other.
I was curious too, so I checked it out since it’s already live on BingX figured seeing how it trades might give some perspective. Still early, but watching how they balance security, scalability, and decentralization is gonna be interesting. Actually still trying to wrap my head around the fact that if their hybrid model could actually work, or if it’s another experiment trying to do too much at once
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The idea of merging Bitcoin's security with Ethereum's smart contract ecosystem, as proposed by Kaon kinda raises significant concerns if you ask me. While it may seem nice to combine the best of both ecosystems, you still can't ignore some core differences and goals between both networks.
Bitcoin's primary focus is on being a secure, decentralized, and censorship-resistant store of value whereas Ethereum's emphasis is on enabling smart contracts and decentralized applications and more of a Centralised network.
I share same point with you; actually just hearing about Kaon too, I think it’s cool.. since Bitcoin and Ethereum were built for totally different things, so merging them without messing up their core principles sounds tricky. Security vs. flexibility there’s always a trade-off.
But then again, crypto’s full of wild experiments. Some actually work, some don’t. If done right I think something like this could really find the right balance, hopefully not another idea that looks good on paper?
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That’s a solid point. L2s have already shown that interoperability isn’t just possible, it’s happening. But yeah, the real question is how Kaon handles the structural differences between BTC’s POW and ETH’s POS. If it leans too much on one side, it risks alienating the other.
Hmm, are you trying to shill this project here, because that's what I am sensing and if we are going to talk specifically on this project then I think this is not that good section well leaving this part to the moderators.
Now coming back to the kaon project I just looked into their docs and they have said they are going to stick with the BTC network's security and decentralization which means it is POW and they will allow the usage of ETH or EVMs tools to create dapps on BTC which is not something very unqiue and new as it is already happening.
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It's far from reality, I mean ETH switched to PoS already so no matter what they do it's impossible to achieve the same level of decentralisation as Bitcoin's with that model. And I don't know how it works either even if they did create a bridge between two cause the reliability of smart contracts will not be there if they attempt to do cause both are created for two different purposes.
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But then again, crypto’s full of wild experiments. Some actually work, some don’t. If done right I think something like this could really find the right balance, hopefully not another idea that looks good on paper?
Balance? What are the odds it's going to be possible practically? Basically if you take a good look at the characteristics of both networks, you will find out that they are almost direct opposite. Firstly bitcoin is decentralized in contrast to Ethereum that's actually Centralised.
Now concerning their supply, bitcoin has one of the best supply mechanism and protocol featuring a limited supply in contrast to Ethereum that has unlimited supply. How exactly would it be possible no merge opposites?
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So what's the difference between this and other projects that stamp their hash on the Bitcoin network? It's basically two different chains at the end of the day, and the smart contract capabilities that you refer to will be limited to the new network only. I don't think this is different from other projects that piggyback on Bitcoin.
Bitcoin doesn't need this IMO. There is no demand judging from the price of Bitcoin and network activities. People who want sophisticated features would pick ETH or other alts anyway.
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So what's the difference between this and other projects that stamp their hash on the Bitcoin network? It's basically two different chains at the end of the day, and the smart contract capabilities that you refer to will be limited to the new network only. I don't think this is different from other projects that piggyback on Bitcoin.
Bitcoin doesn't need this IMO. There is no demand judging from the price of Bitcoin and network activities. People who want sophisticated features would pick ETH or other alts anyway.
That’s a fair take. A lot of projects have tried slapping “Bitcoin security” on their branding while still functioning as independent chains, so the skepticism makes sense. But from what I understand, Kaon isn’t just anchoring data to Bitcoin, it’s trying to build an actual Bitcoin-native Layer 1 that’s also EVM-compatible. That’s a different play from just stamping hashes on BTC.
Now, whether there’s actual demand for it? That’s another story. Bitcoin purists don’t want anything touching it, and Ethereum already dominates smart contracts. But if something like this did gain traction, it could change how we think about interoperability. You think there’s even room for a hybrid like this, or will BTC and ETH always stay in their separate lanes?
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But then again, crypto’s full of wild experiments. Some actually work, some don’t. If done right I think something like this could really find the right balance, hopefully not another idea that looks good on paper?
Balance? What are the odds it's going to be possible practically? Basically if you take a good look at the characteristics of both networks, you will find out that they are almost direct opposite. Firstly bitcoin is decentralized in contrast to Ethereum that's actually Centralised.
Now concerning their supply, bitcoin has one of the best supply mechanism and protocol featuring a limited supply in contrast to Ethereum that has unlimited supply. How exactly would it be possible no merge opposites?
Yeah that’s the big question, how do you merge two networks that are basically polar opposites without breaking something? Bitcoin’s strict decentralization and capped supply are fundamental to what makes it Bitcoin, while Ethereum’s flexibility and evolving supply mechanics cater to a different crowd entirely.
If this project (or anything like it) actually works, it’s not because it’s “merging” BTC and ETH in a traditional sense, it’s more about finding a way for them to interact without compromising what makes each unique. But yeah, balance is easier said than done.
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That’s a solid point. L2s have already shown that interoperability isn’t just possible, it’s happening. But yeah, the real question is how Kaon handles the structural differences between BTC’s POW and ETH’s POS. If it leans too much on one side, it risks alienating the other.
Hmm, are you trying to shill this project here, because that's what I am sensing and if we are going to talk specifically on this project then I think this is not that good section well leaving this part to the moderators.
Now coming back to the kaon project I just looked into their docs and they have said they are going to stick with the BTC network's security and decentralization which means it is POW and they will allow the usage of ETH or EVMs tools to create dapps on BTC which is not something very unqiue and new as it is already happening.
Nah, not shilling just throwing the topic out there for discussion. With all the noise in crypto, it’s hard to tell what’s actually worth paying attention to, so just seeing what people think about this approach.
Yeah I saw that too, leveraging BTC’s security while allowing EVM tools isn’t exactly a new concept, but the real question is execution. A lot of projects have tried this in different ways, but none have really cracked it at scale.
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Here in my own place, the word or term "KAON" means to eat, be eaten or to digest usually referring to foods. Now, in the past many years, there has had been some discussion of bridging Bitcoin and Ethereum so that smart contracts can finally come on Bitcoin. Of course, we totally understand well the vital importance this idea may hold for the cryptocurrency industry if one day this can be a big reality. I am actually encouraging innovations along this line as this can be a big landmark for both crypto platforms. As of now, there are many challenges for this to happen as discussed by many members here above...but who knows dream can come true so I am just waiting here for this impossible dream to be possible. So in the end either this KAON can be eaten by the problems and challenges posed into it OR it can be a big star on this arena...let's hope it is going to be the latter.
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I don't know if this is possible or if it's already happening as some have said here but I didn't like the idea, the idea of creating smart contracts on the original layer 1 of Bitcoin is not a good idea for Bitcoin, it might be for Ethereum which is suffering now but it is not in the interest of Bitcoin in the long run.
Basically I don't know what the benefit is expected from this project? I mean what will Bitcoin benefit from such smart contracts for Ethereum on the Bitcoin blockchain?
Everyone wants a solution to the problem of delays, congestion and high fees on the main Bitcoin layer but we want a solution from the Bitcoin main layer itself and not a solution from outside the Bitcoin blockchain.