Bitcoin to Gain Ethereum’s Functionality Through Counterparty, Launch by Autumn
Counterparty is to launch Ethereum’s Virtual Machine on testnet in two weeks, with a mainnet launch estimated around Autumn 2016, bringing Ethereum’s smart contract functionality to Bitcoin. Counterparty’s EVM is 99% the same as Ethereum’s, according to sources, and has 85% test coverage, higher than Ethereum’s python core library, Pyethereum, according to a press release. Response to the DAO hack. Responding to the recent DAO debacle, the press-release emphasises that Counterparty’s work on an EVM port continues as planned, but a new bylaw has been implemented. The press-release says:....
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Update: This article has been edited slightly to clarify that Ethereum's entire programming language has been ported to Counterparty In a major development in the Bitcoin 2.0 race, Counterparty has added the open-sourced custom smart contract features of Ethereum by porting the programming language to the Counterparty platform. While smart contracts have always been possible on Counterparty, they lacked the flexibility and ease of customization found in the Ethereum project. That extra functionality, previously only found in Ethereum, was often attributed by observers of only being....
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,....
NCR, a global leader in transaction processing hardware whose machines process nearly 500 million transactions every day, announced Monday its cloud-based POS NCR Silver would begin processing Bitcoin transactions. “Bitcoin needs to be accepted by small to medium sized businesses if it is ever to become a mainstay mode of payment,” Carlo Caraluzzo wrote Wednesday. On Wednesday, Ian DeMartino reported how Counterparty was taking Ethereum’s program language and applying it to smart contracts on the Bitcoin blockchain. “This is a problem that NCR Silver, a cloud-based point-of-sale (PoS)....
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....