What is BitVM? with Robin Linus and Super Testnet (SLP520)

Oct 12, 2023

Robin Linus and Super Testnet discuss BitVM, a new paradigm for Turing-complete bitcoin contracts. They explore the trade-offs, potential uses, set up time, interactivity, and the possibility of enabling side chains or covenants. They also discuss off-chain state, taproot circuits, advantages and concerns of side chains, theoretical concerns and value of side chain coins, and the goal of scaling Bitcoin to a million transactions per second.

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Introduction

00:00 • 2min

BitVM: Enabling Smart Contracts on Bitcoin

01:54 • 15min

Exploring off-chain state, bit commitments, and program deconstruction in bit VM

17:14 • 5min

Expressing Circuits in a Taproot and Turing Completeness

21:57 • 16min

Advantages of Side Chains and Trustless Peg Outs

37:57 • 2min

Exploring Theoretical Concerns and Value of Side Chain Coins

40:15 • 3min

Scaling Bitcoin to a Million Transactions per Second

43:38 • 11min