TechFlow news — Super Testnet, a developer team, stated that BitVM focuses on Bitcoin scaling rather than launching Ethereum-style DeFi applications on the network.
The BitVM whitepaper was released on October 10 by Robin Linus, project lead at ZeroSync, with technical support provided by Super Testnet, which implemented the first proof-of-concept for BitVM and is working to expand its capabilities. However, following the whitepaper's release, some industry experts suggested that BitVM would bring DeFi to Bitcoin, similar to EVM's role in Ethereum.
In response, Super Testnet emphasized that BitVM is focused on scaling, not on deploying smart contracts or issuing numerous altcoins (although BitVM might reduce the need for altcoins). The real killer application is scaling Bitcoin. They expressed concern about filling BitVM with EVM-like tokens, as this could attract bad actors to Bitcoin.
They added that building decentralized exchanges on Bitcoin would be a "step backward." Furthermore, BitVM’s intended payment infrastructure aims to address one of the Lightning Network’s shortcomings—payment reliability—and could achieve transaction speeds up to 60% of the Lightning Network’s capacity. (Cointelegraph)
Earlier, Robin Linus, co-founder of blockchain development firm ZeroSync, published the BitVM whitepaper, which aims to enhance Bitcoin’s smart contract functionality without requiring a soft fork upgrade to the network’s consensus rules.
