As Dr. Craig S. Wright points out in the latest installment of the Bitcoin Masterclasses workshops, automating business processes through digitization has been around for decades now.
BRC-20 only has three functions—deploy, mint, and transfer—and without Bitcoin script, the indexing of valid transactions is complex, but this did not stop the protocol from growing.
Inspired by Sats Names, a naming protocol leveraging Ordinals, BRC-20 lets any user mint against a defined contract.
Viewing and verifying smart contracts by just about anyone is not as easy as what is commonly believed to be, but WhatsOnChain makes it possible by simply running the source code in its plugin.
scryptTS allows developers to directly code smart contracts in Typescript, using existing programming languages and tools that many are already familiar with.
Turing completeness does not require an infinite tape, and it was not an infinite tape that Turing mentioned in his paper; it was an unbounded system.
The blog post comes in response to criticisms from the BTC community and skeptics who insist that Bitcoin cannot be considered Turing complete.
Jerry Chan explores some more technical aspects behind Bitcoin BSV, and the lessor known under-the-hood components that are more of an interest to students of computer science.
A common feature of computer languages which generally make them Turing complete is the ability for the language to allow for structured control flow of a program, either through loops or jumps.
sCrypt does not support floating point natively, mainly due to the high overhead of implementing it using integral arithmetic in Bitcoin Script. However, there are many use cases where fractional numbers are indispensable.
This year’s Bitcoin SV DevCon is right around the corner, providing an excellent opportunity for developers to gain a deeper insight into the technology.
The episode's title is "DFAs and Financial Contracts." DFA are "deterministic finite automata," and Dr. Craig Wright says "I've put out some papers on this in the past... also got some patents on it.”
