Re:Smart contracts on Bitcoin
by CryptoPunk on Thursday January 14, 2021 @11:23PM
(#25786980)
Counterparty eventually adopted the EVM, and yet could not get traction for multiple reasons:
1. Network effects already on Ethereum
2. Bitcoin block time too slow and block size too low
3. Counterparty uses Bitcoin as a data layer, but Bitcoin itself cannot recognize Counterparty transactions, so Bitcoin consensus does not secure Counterparty transactions.
1. Network effects already on Ethereum
2. Bitcoin block time too slow and block size too low
3. Counterparty uses Bitcoin as a data layer, but Bitcoin itself cannot recognize Counterparty transactions, so Bitcoin consensus does not secure Counterparty transactions.