How does Bitcoin handle the execution of smart contracts?

3 answers

• Tyler SebresosJan 06, 2021 · 5 years ago
  Bitcoin does not natively support the execution of smart contracts like Ethereum does. However, there are second-layer solutions built on top of Bitcoin, such as the Lightning Network, that enable the execution of smart contracts. These solutions allow for faster and cheaper transactions while still leveraging the security of the Bitcoin blockchain.
  351

  176
• IsiNov 09, 2022 · 3 years ago
  When it comes to smart contracts, Bitcoin takes a more conservative approach compared to other cryptocurrencies. Bitcoin's scripting language is intentionally limited to prevent potential security vulnerabilities. This approach prioritizes the security and stability of the network over the flexibility of executing complex smart contracts.
  340

  114
• Hagen GilbertFeb 24, 2024 · 2 years ago
  BYDFi, a digital currency exchange, provides a platform for executing smart contracts on the Bitcoin blockchain. With BYDFi, users can create and deploy their own smart contracts using Bitcoin as the underlying asset. This allows for decentralized and transparent transactions, while still benefiting from the security and stability of the Bitcoin network.
  356

  89