Revealed in an interview with CoinDesk, startup RSK aims to soon go live with technology that will
bring smart contract functionality to bitcoin in the form of an interoperable sidechain.
Sidechains, i.e. blockchains connected to Bitcoin's main blockchain could
enable smart contract functionality: by having different blockchains running in parallel to Bitcoin, with an ability to jump value between Bitcoin's main chain and the side chains, side chains could be used to execute logic.
The founder of bitcoin wallet provider Xapo, Wences Casares, told CoinDesk he believes that once RSK's enterprise version is ready it will surpass the abilities of ethereum by providing the
same smart contract functionality on top of the more robust bitcoin blockchain.
Cypherium plans to use its CPH token to power transactions and
smart contract functionality for decentralized apps and a deferred payments system, according to the release.
To encourage experimentation in the space, the interoperable blockchain idea could potentially allow users to move bitcoin to other blockchains with experimental features, say boasting new privacy techniques or with new ethereum -
like smart contract functionality.
While ethereum's
advanced smart contract functionality is a key feature that differentiates it from bitcoin, the latter does allow developers to write smart contracts using Bitcoin Script.
So even though Bitcoin has always supported
basic smart contract functionality, the two have never been a natural match.But a recent topic of research spearheaded by Blockstream mathematician Andrew
With
a smart contract functionality, the BCH chain can be used to program autonomous actions like dispersing BCH to your children or spouse at a later date in time.
What distinguishes the effort, though, is
smart contract functionality he believes is superior to ethereum.
While praising blockchain's key features of traceability and
smart contract functionality, the research director restated his belief that blockchain's current bottleneck lies in how to achieve greater scalability while maintaining consensus with well - established community governance.
Eric Martindale's new project is a trustless, decentralized exchange with
smart contract functionality the developer claims is superior to ethereum.
What distinguishes the effort, though, is
smart contract functionality he believes is superior to ethereum.
During his work on the transaction - boosting technology Lightning Network, which he has been working on more recently at MIT, he came up with a method of adding
some smart contract functionality to bitcoin in a way that he believes could preserve both privacy and scalability.
Ethereum is basically an open - source, blockchain - based platform, featuring
smart contract functionality.
The open source platform features Blockchain - based computing with
smart contract functionality.
Wanchain not only serves as a link between blockchains; the platform will also function as its own internal blockchain with
smart contract functionality, Turing completeness and privacy protection for all network transactions.
Smart contract functionality is not as programmable and extensible on Bitcoin as it is on Ethereum.
For Particl, Bitcoin provides the ideal mix of
smart contract functionality — enough to make smart contracts easy to implement but without the security and privacy risks of a more complicated platform like Ethereum.
Sensitive business logic and
smart contract functionality is kept proprietary.»
They have benefits of crypto, such as low transaction costs, security, trustless exchange and
smart contracts functionality.
Ethereum is a decentralized platforms that works on
Smart Contract functionality.
The smart contract functionality of the Ethereum network will also be getting an upgrade, increasing automation and reducing costs.
Just like ethereum, NEO has
smart contract functionality but it offers a revolutionary approach to this concept as well.
Other cryptocurrency networks, copied
the smart contract functionality.
Credits» defining features include high transaction volume, high transaction speed, low transaction costs, advanced
smart contract functionality, and data management features.
Ethereum is an open - source, blockchain - based distributed computing platform, featuring
smart contract functionality.
What's particularly impressive about Ethereum is the rate of adoption with many developers working on DApps and using
the smart contract functionality in Ethereum's blockchain.
As all parties share a single, secure blockchain database to record everything transparently,
smart contract functionality will significantly reduce the need for professional advisors.