12 Lines of Code Could End Bitcoin as We Know It (Hooray?)
TL;DR
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12 strains of code.
Apparently that’s all it takes…
12 strains of code, and…BOOM!
A few of Ethereum’s hottest performance can simply be copied by Bitcoin.
Factor is — this ain’t new! In actual fact, this code was part of Bitcoin…but it surely was deleted by none aside from Satoshi Nakamoto, as he/she (they?) believed it uncovered the community to large safety flaws.
And now three builders need to add this code, often known as ‘OP_CAT,‘ again in.
There’re professionals and cons to the proposal — so let’s rip the bandaid off — beginning with…
Cons:
OP_CAT was faraway from Bitcoin’s core code by Satoshi, as a result of they believed it opened the community as much as distributed denial-of-service (DDoS) assaults.
Think about somebody with the ability to remotely open 1000+ browser tabs in your laptop, each second (the factor would rattling close to soften!).
DDoS assaults work in an identical manner – the fundamental purpose is to overwhelm the Bitcoin community with a lot site visitors that it’s pressured to close down.
Professionals:
The Bitcoin neighborhood is staunch as hell relating to altering/updating Bitcoin’s core code. So this factor isn’t going to occur if it could possibly’t be achieved safely.
Now, if it may be achieved safely — Bitcoin is perhaps about to get very Ethereum-y.
Confused? Right here’s what meaning:
Proper now, sending transactions on Bitcoin is like driving an armored tank to work every day — positive, it’s tremendous safe…but it surely’s additionally sluggish and loopy costly.
OP_CAT would permit ‘Ethereum-style’ layer 2’s to be simply constructed on Bitcoin — which might be akin to buying and selling the armored tank in for a 1999 Toyota Corolla.
(I.e. sooner, and cheaper).
On prime of that, Ethereum-style platforms like decentralized exchanges (and even file internet hosting) would change into a lot simpler to construct/implement on Bitcoin.
Sounds fascinating. Let’s see if the BTC neighborhood will permit it!
