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| comment | | "parent_author":"",<br>"parent_permlink":"crytocurrency",<br>"author":"jacksonmil980",<br>"permlink":"smart-contracts-for-bitcoin-a-new-ivy-language-is-claimed-to-make-it-easier",<br>"title":"Smart contracts for Bitcoin? A new Ivy language is claimed to make it easier",<br>"body":"The Chainchain development chain,<br> Chain,<br> has announced the launch of Ivy,<br> a programming language that they claim makes it possible to write intelligent contracts for the Bitcoin Blockchain.\n\nhttps:\/\/i1.wp.com\/criptotendencia.com\/wp-content\/uploads\/2017\/12\/Bitcoin-Contratos-Inteligentes-Ivy-Programacion.gif?resize=723%2C463&ssl=1\n\nIn general,<br> smart contracts are associated with Ethereum,<br> the Blockchain that was created to support intelligent Turing contracts or complete,<br> or computationally universal contracts.\n\nIn a blog post a few days ago,<br> Chain explains that writing smart contracts for the Bitcoin network has always been possible,<br> but the language used to do it,<br> Bitcoin Script,<br> is \"low level\" and has limited functionality.\n\nChain acknowledges that some players,<br> such as wallets,<br> exchanges and payment platforms,<br> have used the language successfully for various solutions,<br> but claim that \"the development of Bitcoin scripts is considered esoteric\".\n\nAccording to Chain,<br> Ivy is a \"higher level\" language that compiles Bitcoin Script,<br> making it easier for developers to write intelligent contracts for the Bitcoin network:\n\n\"Ivy helps you write custom Bitcoin addresses compatible with SegWit that impose arbitrary combinations of conditions backed by the Bitcoin protocol,<br> which include signature checks,<br> hash commitments and deadlines.\"\n\nWhen asked about the importance and the possibility that Ivy used Bitcoin to compete with Ethereum for the usability of the smart contract,<br> Bitcoin developer Jimmy Song expressed his doubt by telling Cointelegraph:\n\n\"Ivy makes SCRIPT easier to manage. It does not fundamentally change Bitcoin,<br> it just makes coding easier. ETH is complete,<br> which BTC can not have without at least a mild type of fork. I do not see ETH's \"smart hiring\" ability as a \"feature\",<br> but more as a vulnerability. The attack surface on the ETH intelligent hiring platform is much higher. The fundamentals have not changed,<br> this is more like a good tool for developers. \"\n\nIf developers use Ivy to write smart contracts for Bitcoin,<br> the network has a long way to catch up with the current state of Ethereum as the platform for writing smart contracts.\n\nOn the other hand,<br> Matej Michalko,<br> the CEO of Decent,<br> maintains a more positive perspective:\n\nIvy is an excellent example of the multifaceted development of blockchain products. The cross-linked reference is proliferating and is on track to dominate the ecosystem.\n\nBitcoin can now be on par with Ethereum as an excellent prototype smart contract tool for a full range of Blockchain applications. Both platforms,<br> however,<br> remain fundamentally different in their architectures and market adoption. It remains to be seen what cases and platforms of blockchain use are going to be adopted by the masses. Scalability will be one of the decisive factors. 2018 is going to be a year of Blockchain.\n\nSource: CoinTelegraph",<br>"json_metadata":" \"tags\":[\"crytocurrency\",<br>\"invest\",<br>\"coin\",<br>\"blockchain\",<br>\"news\" ,<br>\"image\":[\"https:\/\/i1.wp.com\/criptotendencia.com\/wp-content\/uploads\/2017\/12\/Bitcoin-Contratos-Inteligentes-Ivy-Programacion.gif?resize=723%2C463&ssl=1\" ,<br>\"app\":\"steemit\/0.1\",<br>\"format\":\"markdown\" " |
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