DFINITY Proposes Bitcoin Smart Contracts on Internet Computer
Researchers at DFINITY published a paper titled “Enabling Bitcoin Smart Contracts on the Internet Computer”, where they propose an architecture to run Turing-complete Bitcoin smart contracts directly on the Internet Computer (IC), without relying on bridges.
arxiv.org
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Enabling Bitcoin Smart Contracts on the Internet Computer
In addition to the presentation of the architecture, we provide evaluation results based on measurements of the Bitcoin integration running on mainnet. The evaluation results demonstrate that, with finalization in a few seconds and low execution costs, this integration enables complex Bitcoin-based decentralized applications that were not practically feasible or economically viable before.