StarkWare researchers propose smart contracts for Bitcoin with ColliderVM
StarkWare and Weizmann Institute researchers have introduced ColliderVM, a system that overcomes Bitcoin script limitations to enable complex smart contracts.
Sidechain developer StarkWare and Weizmann Institute of Science researchers claim to have created a workaround for multiple Bitcoin script limitations.
According to a recent research paper, the new design claims to allow the deployment of complex smart contracts on Bitcoin in a more capital-efficient manner. The new system may also be vastly more efficient from a computing standpoint.
ColliderVM is a protocol designed to enable stateful computation on Bitcoin, allowing multi-step processes to be securely executed over multiple transactions. Traditionally, Bitcoin script output is not accessible to other scripts, making complex calculations nearly impossible.
