New Chain Platform Ivy Brings Smart Contracts to Bitcoin

......world's no1 cryptocurrency dictionary!

New Chain Platform Ivy Brings Smart Contracts to Bitcoin

December 20, 2017 News 0
ADS>>Imagine just $1,000 invested in this PoHe based token gives you $5,000 returns, Buy $0.20 sell $1 - Click Here To Get Started Now

This Website Has Official Crypto Dictionary App With Over 1,000 Crypto Terms & Meaning + Crypto News +ICO +Airdrop +Bounty Alerts From Top Crypto Websites In One APP - CLick To Download Free Now From Adroid/iOS Store!

Smart contracts – self-executing pieces of code – are most commonly associated with the ethereum network. Long before Vitalik Buterin tried to sell a fake quantum mining computer and dreamed up his “global supercomputer”, however, Satoshi Nakamoto saw the potential for smart contracts, even though the term had yet to be popularized. The bitcoin blockchain is now a step closer to having its own self-executable agreements thanks to the arrival of Ivy. Also read: SEC Suspends Trading in Publicly Traded `The Crypto Company´ after 2500% Rise Bitcoin is Getting Smarter Ivy is an open source compiler developed by cryptographic ledger specialists Chain.com. It can be used to write bitcoin smart contracts into Segwit-compatible addresses. The range of functions that Bitcoin Script supports is more limited than those available on the “Turing-complete” ethereum network. This reduced functionality is one of bitcoin’s strengths however: maintaining network security is deemed more important than introducing untested code that has the potential to break things. Parity for ethereum: a masterclass in how not to do smart contracts While the ethereum blockchain has remained intact, major bugs in its smart contracts have led to hundreds of millions of dollars being stolen or permanently locked away. The range of functions that Bitcoin Script can support is primarily limited to hash commitments, signature checks, and timelocks. Bitcoin’s script functionality has largely been overlooked in the blockchain’s eight years of existence, but Ivy looks set to change that. Code Compiling Made Easy In a blogpost announcing the release of Ivy,…
Source: New Chain Platform Ivy Brings Smart Contracts to Bitcoin

ADS>>Foskaay Token Sale: Get upto 500% Returns investing in the Hot selling token, Buy $0.20 sell $1. No price crash via PoHe Algorithm - Click Here To Get Started Now

This Website Has Official Crypto Dictionary App With Over 1,000 Crypto Terms & Meaning + Crypto News +ICO +Airdrop +Bounty Alerts From Top Crypto Websites In One APP - CLick To Download Free Now From Adroid/iOS Store!