Are you sure that the Ethereum Smart Contort is dead after the beat coin is segged up?

in #ethereum7 years ago


First of all,
Even if a bit coin segment is introduced, it will not be able to implement a smart track in the bit coin itself, and even if you try to extend the smart track function with a side chain, you will not be able to compete with Etherium.

Smart Contour is a code that enables various extended functions in addition to simple coin transfer function on a block chain.

Even if you only add one specific function and combine it with bit coin, you can say that you have implemented one Smart Contour by itself. Many of the previous bit coin clones made such an attempt. For example, the name coin is like that. It implements the same role as the name server of the Internet, so that it can perform similar functions on the block chain. This can also be seen as one Smart Contour.

But adding some of these special features makes sense in itself, but it is not a true platform. The platform has the advantage of being able to unify, co-operate, and standardize common underlying technologies to maximize efficiency and interoperability.

Examples of these platforms are becoming very common in the development of most IT technologies. A good example is the numerous apps that run on a platform called a smartphone with Android.

These platforms should provide a tool to give them enough freedom to implement various applications on top of them. In other words, there must be a system that allows the application to run on a block chain, and the language in which this context can be written.

In the case of Etherium, the system for running it is a virtual machine called EVM, and solidity is the most representative example of providing various languages ​​for constructing the context. One of the great features of the Etherium Smart Contour System is that it offers the greatest degree of freedom. What made this possible was the introduction of Turing's complete scripting language and account concepts that are not in bit coin.

With Etherium coming to the forefront, several attempts have been made to implement the Smart Contour platform. However, Etherium is still an integral part of the developer pool to implement Smart Contr, and its influence is continuing to expand. The establishment of the EEA also played a big role in this process.

So if Bitcoin does a Segwitt Fork, is it going to be reborn as a Smart Contour platform with the same level as Etherium?

Script, a bit-coin scripting language, has a very limited degree of freedom, and the concord that can be implemented by the supported opcodes here is not much more than a simple multi-sig.

With a 10 minute block cycle, it is impossible to support many applications that require a quasi-real-time speed.
Therefore, it is not possible to directly drive a Smart Contour with a high degree of freedom in the main chain of the bit coin even after the segment has been applied. If so, the solution to the bit coin would be called the side chain.

A side chain is a separate chain for implementing a separate Smart Contour and allows two-way coin switching between this chain and the bit coin chain.

The creation of a new smart track platform in the side chain will eventually start again from what Etherium has built.

It's hard to compete directly with Etherium's smart track system, which already has a few years ahead and has a lot of developer ecosystems, so BitCoin's side chains are the easiest way to choose which ones are implemented in the side chain. It is compatible with Etherium's EVM.
So, what are the benefits of implementing Ethernet EVM on a side-by-side in a bit coin instead of using an Ethernet platform designed to support it natively and support it natively?

What are the advantages of being able to stick to the side of a bitcoin scripting environment with a bitcoin block cycle, limited capacity, and an extremely limited degree of freedom?

Based on the intrinsic criteria of the smart track platform - the efficiency, scalability, and compatibility of the system itself.
Perhaps the most centralized expectation is that the currency will remain a key currency for a paying cipher, or if it remains a highly influential coin, then it may be necessary to implement the smart con- text that is directly needed here.
It is expected that the focus will be on the functioning of the means of assisting the bit coin, not the phase of the smart contract.

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