From Ethereum Virtual Machine to Bitcoin Blockchain: Questions raised by Counterparty
Is this the beginning of the end of Ethereum? That’s the question posed in a Bitcoin subreddit devoted to new information and discussion about Bitcoin and its ecosystem. The comment comes after the announcement by Counterparty that it is porting the Ethereum Virtual Machine to the Bitcoin Blockchain. That will facilitate all of the functionality of Ethereum on Bitcoin except for some features like the block times. Solidity. Smart contracts executed via Counterparty's port of the EVM use the exact same language as Ethereum smart contracts, a language known as Solidity whose syntax is....
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In November of 2014, Counterparty Contracts was launched, which let users write Turing Complete smart contracts into the Bitcoin blockchain, with the code being executed on every Counterparty node. This initiative - a port of the Ethereum Virtual machine code and modified to use the Bitcoin blockchain - was open sourced on GitHub and available for public testing on the Counterparty testnet for over a year. For quite some time now, developers and digital currency enthusiasts have been looking for a way to run smart contract technology on top of the Bitcoin blockchain. Although this service....
Counterparty, the technology for decentralized financial tools on the Bitcoin blockchain, has started running Ethereum smart contracts by porting the Ethereum Virtual Machine (EVM) to its codebase. In late 2014, Counterparty added their support to execute the Ethereum smart contracts platform on Bitcoin; however, at that time, Ethereum was in its pre-alpha stage of development, with its first major release, Frontier, not yet being announced. Of course, with both Frontier, and later, the release of Homestead in late February, the developers at Counterparty have witnessed the EVM growing....
The Counterparty team wants to err on the side of caution when bringing the Ethereum smart contracts to the mainnet. There has been a lot of talk of bringing Ethereum smart contracts to the Counterparty mainnet in recent months. Not too long ago, it seemed like this project was set in stone, but some last-minute adjustments had to be made. Now that the latest EVM has been ported to the Counterparty, exciting things are on the horizon. Ethereum Smart Contracts On Counterparty Mainnet? That is the question everybody would like an answer to, and it appears as if the Counterparty team is....
Counterparty is set to launch Ethereum’s Virtual Machine (EVM) on a testnet in two weeks with Counterparty developer Ruben de Vries making solid progress toward the end result, which will eventually bring Ethereum’s smart contract to Bitcoin. In late 2014, Counterparty carried out a Proof-of-Concept EVM port; however, in comparison, this port is the newest version of the EVM software that is running on Ethereum today with the team of the opinion that it is mature enough for use on the Counterparty/Bitcoin mainnet. Additionally, it adds the ability for smart contracts to interact with....
All the functionality of Ethereum will be available on the Bitcoin blockchain, with a port of the Ethereum Virtual Machine (EVM) announced today by Counterparty. Bitcoin’s Capabilities Extended. This will extend Bitcoin’s capabilities to include smart contracts – allowing decentralized autonomous organizations, social networks and identity systems,....