Super Testnet — a Bitcoin developer behind BitVM, says the virtual machine is intended to scale the Bitcoin network rather than create Ethereum-like DeFi apps on Bitcoin.
One of the developers working on “BitVM” — a Bitcoin-based virtual machine — reiterates the tech is intended to scale Bitcoin rather than launching Ethereum-like decentralized finance applications on the network.by ZeroSync’s project lead Robin Linus on Oct. 10 with technical support provided by pseudonymous developer “Super Testnet” — implementing BitVM’s first proof-of-concept and working on expanding BitVM’s capabilities.
“The real killer app is scaling Bitcoin. a big fan of smart contracts. He's not a big fan of increasing Bitcoin's expressivity. He really is interested in making it so that Bitcoin can process millions of transactions per second.”“I don't want to see everything from the Ethereum ecosystem because most of it is Ponzi schemes.”#Bitcoin
“Lightning is wonderful as a system and it's much faster than probably anything we can make on Bitcoin. But one thing that Lightning doesn't do well is payment reliability.”After thousands of Twitter posts and hours of spaces and discussions, we know much more about BitVM than we did yesterday. Here’s a quick update:Coinbase to integrate Bitcoin Lightning Network: CEO Brian Armstrong
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