This Turing Complete Platform Aims to Work With Bitcoin
A new blog post has come out explaining the essence of Rootstock, a Turing complete platform that will utilize the Bitcoin Blockchain for its operations. The post details this protocol will allow smart contracts and enable methods of exchange similar to the Ethereum project. Developers can use its side chain technology to implement this programmable system to the original permissionless digital ledger. The Medium statement reads: The Rootstock (RSK) side chain will operate as its own platform but allow interoperability between both blockchains. Developers of RSK believe this keeps....
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Although smart contract projects on alternative blockchains such as Ethereum are gaining a lot of attention, smart contracts on the Bitcoin blockchain itself are challenging because the Bitcoin network is not a “Turing Complete” system. A Turing Complete system is one that can compute any algorithmically computable function (although with no guarantees regarding runtime or memory). The Bitcoin network has purposefully omitted Turing completeness to allow the economic incentives the network has been able to create, and for minimizing the security risks that come with self-executable....
Lost in our 'pie-in-the-sky' projections on the future of blockchains is the most important concern anyone should have on the technology: What are the opportunity costs? Nowhere is that more pronounced in the current debates then in the case of the "smart contract". While I believe that smart contracts will provide a number of efficiencies in our blockchain future, there's one category of smart contracts that I'm most skeptical of – that of the recently popular "Turing complete" smart contract. All smart contract platforms in use today fall into roughly two broad....
The Turing Trust is a nonprofit organization created in 2009 by family members of the renowned cryptographer and mathematician Alan Turing. Today, the founder of the Turing Trust and great nephew of the pioneering computer scientist, James Turing, announced to Bitcoin.com that they will be accepting the cryptocurrency for donations. The nonprofit....
The turing complete token Ethereum has been making strides towards the top spot in cryptocurrency capitalizations. This week the digital currency has bumped Litecoin out of the third position on the coinmarketcap.com list hitting a cap of over $138 million USD. The past few months have been active for Ethereum, who has seen development, investment and positive media within its crypto-environment. The built-in turing-complete programming language as a layer configured into the ETH blockchain has intrigued developers and investors. This system is said to enable businesses and ordinary people....
On April 30 Turing Robotic Industries sent a newsletter to all their subscribers, saying the Turing Phone is ready for shipment, which will begin after the final newsletter on May 3. “While we scan through thousands of pre-orders and requests we have decided to send out the confirmation email on May 3rd. We know you have been getting impatient about the....